Richard Salute - Jun 29, 2022 Form 4 Insider Report for Newtek Business Services Corp. (NEWTL)

Role
Director
Signature
Richard Salute
Stock symbol
NEWTL
Transactions as of
Jun 29, 2022
Transactions value $
$0
Form type
4
Date filed
7/1/2022, 11:03 AM
Previous filing
Jan 6, 2022
Next filing
Jan 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEWTL Common stock Award $0 +2K +9.89% $0.00 22.2K Jun 29, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 29, 2022, under the Shareholder and Board approved Newtek Business Services Corp. 2015 Stock Incentive Plan, the reporting person was granted 2,000 restricted shares of the Issuer's common stock as a restricted stock award. Forfeiture restrictions will lapse as to one-third of such restricted shares each year for three years and dividends in the form of common stock will be paid during the restricted period, with forfeiture restrictions lapsing as to one-third of such restricted common shares each year for three years.