William Endresen - Jan 1, 2022 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Signature
/s/ Godfrey B. Evans, Attorney in fact for William Endresen
Stock symbol
HMST
Transactions as of
Jan 1, 2022
Transactions value $
-$14,664
Form type
4
Date filed
1/4/2022, 05:40 PM
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 +935 +12.93% $0.00 8.17K Jan 1, 2022 Direct F1
transaction HMST Common Stock Tax liability -$14.7K -282 -3.45% $52.00 7.89K Jan 1, 2022 Direct F2
holding HMST Common Stock 538 Jan 1, 2022 HomeStreet, Inc. 401(k) Savings Plan 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 HMST Restricted Stock Units Award $0 +1.94K $0.00 1.94K Jan 1, 2022 Common Stock 1.94K Direct F1, F4
transaction HMST Restricted Stock Units Options Exercise $0 -935 -33.33% $0.00 1.87K Jan 1, 2022 Common Stock 935 Direct F1, F5
* 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 Participants in HomeStreet Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan. The amount of shares held in the 401(k) Plan is as of January 1, 2022.
F4 On January 1, 2022, the reporting person was granted 1,940 RSUs, of which 646 shares vest on January 1, 2023, and 647 shares vest on each of January 1, 2024 and 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.
F5 On January 1, 2021, the reporting person was granted 2,805 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.