Patrick Douglas Pierce - Mar 6, 2023 Form 4 Insider Report for COMMUNITY FINANCIAL CORP /MD/ (TCFC)

Role
EVP & CLO of Subsidiary
Signature
/s/ Patrick Douglas Pierce
Stock symbol
TCFC
Transactions as of
Mar 6, 2023
Transactions value $
$0
Form type
4
Date filed
3/8/2023, 04:12 PM
Previous filing
Feb 14, 2022
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCFC Common Stock Award $0 +555 +5.36% $0.00 10.9K Mar 6, 2023 Direct F1, F2
transaction TCFC Common Stock Award $0 +319 $0.00 319 Mar 6, 2023 By Restricted Stock Units VI F3
transaction TCFC Common Stock Award $0 +627 $0.00 627 Mar 6, 2023 By Restricted Stock Units VII F3
holding TCFC Common Stock 1.93K Mar 6, 2023 By ESOP F4
holding TCFC Common Stock 159 Mar 6, 2023 By Restricted Stock Units F5
holding TCFC Common Stock 167 Mar 6, 2023 By Restricted Stock Units II F6
holding TCFC Common Stock 159 Mar 6, 2023 By Restricted Stock Units III F7
holding TCFC Common Stock 361 Mar 6, 2023 By Restricted Stock Units IV F8
holding TCFC Common Stock 202 Mar 6, 2023 By Restricted Stock Units V F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 20, 2020, the reporting person was granted performance share units ("PSUs") which would vest upon the achievement of certain performance goals. On March 6, 2023, the Compensation Committee of The Community Financial Corporation's Board of Directors determined that the performance goals had been satisfied, resulting in the vesting of the PSUs on March 6, 2023.
F2 The number of shares held directly includes certain shares that were previously held by restricted stock and restricted stock units which have subsequently vested. The amount held directly also reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under The Community Financial Corporation Dividend Reinvestment Plan pursuant to Rule 16a-11.
F3 Represents restricted stock units that vest in 3 annual installments beginning on March 6, 2024, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F4 This form reflects an increase in beneficial ownership resulting from an exempt acquisition pursuant to Rule 16b-3(c).
F5 Represents restricted stock units that vest in 3 annual installments beginning on August 20, 2021, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F6 Represents restricted stock units that vest in 3 annual installments beginning on December 17, 2021, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F7 Represents restricted stock units that vest in 3 annual installments beginning on February 4, 2022, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F8 Represents restricted stock units that vest in 3 annual installments beginning on November 30, 2022, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F9 Represents restricted stock units that vest in 3 annual installments beginning on February 10, 2023, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.