Steven Tsavaris - 07 Dec 2023 Form 4 Insider Report for Ponce Financial Group, Inc. (PDLB)

Role
Executive Chairman, Director
Signature
/s/Frank Perez, as attorney in fact
Issuer symbol
PDLB
Transactions as of
07 Dec 2023
Net transactions value
+$3,469,027
Form type
4
Filing time
11 Dec 2023, 15:44:50 UTC
Previous filing
13 Mar 2023
Next filing
26 Jan 2026
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDLB Common Stock Award $2,184,547 +211,476 +69% $10.33 516,491 07 Dec 2023 Direct F1, F2
holding PDLB Common Stock 27,904 07 Dec 2023 By Wife
holding PDLB Common Stock 12,767 07 Dec 2023 By ESOP F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PDLB Premium Stock Options Award $247,920 +24,000 $10.33 24,000 07 Dec 2023 Common Stock 24,000 $10.33 Direct
transaction PDLB Premium Stock Options Award $252,480 +24,000 +100% $10.52 48,000 07 Dec 2023 Common Stock 24,000 $10.52 Direct
transaction PDLB Premium Stock Options Award $256,800 +24,000 +50% $10.70 72,000 07 Dec 2023 Common Stock 24,000 $10.70 Direct
transaction PDLB Premium Stock Options Award $261,360 +24,000 +33% $10.89 96,000 07 Dec 2023 Common Stock 24,000 $10.89 Direct
transaction PDLB Premium Stock Options Award $265,920 +24,000 +25% $11.08 120,000 07 Dec 2023 Common Stock 24,000 $11.08 Direct
holding PDLB Stock Options 62,209 07 Dec 2023 Common Stock 62,209 $9.15 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of restricted stock units vest annually at a rate of 20% per year commencing on December 7, 2024.
F2 Includes 10,852 shares of restricted stock units, of which 5,425 shares vest on April 1, 2024 and 5,427 shares vest on April 1, 2025.
F3 Reflects ESOP allocations and dispositions that have occurred since the date of the reporting person's last ownership report
F4 Stock Options vest annually at a rate of 20% per year commencing on December 4, 2019