Jay C. Iseman - Jan 1, 2022 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role
EVP - Chief Credit Officer
Signature
/s/ Godfrey B. Evans, attorney in fact for Jay C. Iseman
Stock symbol
HMST
Transactions as of
Jan 1, 2022
Transactions value $
-$10,088
Form type
4
Date filed
1/4/2022, 05:38 PM
Previous filing
Aug 9, 2021
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise $0 +643 +0.82% $0.00 79.2K Jan 1, 2022 Direct F1
transaction HMST Common Stock Tax liability -$10.1K -194 -0.25% $52.00 79K Jan 1, 2022 Direct F2

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 HMST Restricted Stock Units Award $0 +1.32K $0.00 1.32K Jan 1, 2022 Common Stock 1.32K Direct F1, F3
transaction HMST Restricted Stock Units Options Exercise $0 -643 -33.33% $0.00 1.29K Jan 1, 2022 Common Stock 643 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
F2 Shares withheld by HomeStreet in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs.
F3 On January 1, 2022, the reporting person was granted 1,321 RSUs, of which 387 shares vest on each of January 1, 2023 and January 1, 2024, and 388 shares vest on January 1, 2025. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F4 On January 1, 2021, the reporting person was granted 1,929 RSUs, which vest incrementally in equal amounts on January 1, 2022, January 1, 2023, and January 1, 2024, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.