Mark K. Mason - Jan 1, 2024 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Signature
/s/ Godfrey B. Evans, Attorney in fact for Mark K. Mason
Stock symbol
HMST
Transactions as of
Jan 1, 2024
Transactions value $
-$53,004
Form type
4
Date filed
1/3/2024, 09:23 PM
Previous filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise +3.87K +2.16% 183K Jan 1, 2024 Direct F1
transaction HMST Common Stock Tax liability -$18K -1.75K -0.96% $10.30 181K Jan 1, 2024 Direct F2
transaction HMST Common Stock Options Exercise +2.57K +1.42% 184K Jan 1, 2024 Direct F1
transaction HMST Common Stock Tax liability -$12K -1.16K -0.63% $10.30 182K Jan 1, 2024 Direct F2
transaction HMST Common Stock Options Exercise +4.95K +2.71% 187K Jan 1, 2024 Direct F1
transaction HMST Common Stock Tax liability -$23K -2.24K -1.19% $10.30 185K Jan 1, 2024 Direct F2
holding HMST Common Stock 3.88K Jan 1, 2024 Courtney Mason, Mr. Mason's spouse 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 +46.7K $0.00 46.7K Jan 1, 2024 Common Stock 46.7K Direct F1, F4
transaction HMST Restricted Stock Units Options Exercise $0 -3.87K -100% $0.00* 0 Jan 1, 2024 Common Stock 3.87K Direct F1, F5
transaction HMST Restricted Stock Units Options Exercise $0 -2.57K -50% $0.00 2.57K Jan 1, 2024 Common Stock 2.57K Direct F1, F6
transaction HMST Restricted Stock Units Options Exercise $0 -4.95K -33.33% $0.00 9.9K Jan 1, 2024 Common Stock 4.95K Direct F1, F7
* 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 These shares are owned by the reporting person's spouse. Mr. Mason disclaims beneficial ownership of these shares except to the extent of any pecuniary interest he may have therein.
F4 On January 1, 2024, the reporting person was granted 46,744 RSUs, of which 15,581 shares vest each on January 1, 2025 and January 1, 2026, and 15,582 shares vest on January 1, 2027. 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 11,595 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.
F6 On January 1, 2022, the reporting person was granted 7,710 RSUs, which vest incrementally in equal amounts on January 1, 2023, January 1, 2024, and January 1, 2025, 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.
F7 On January 1, 2023, the reporting person was granted 14,848 RSUs, of which 4,949 shares vest on each of January 1, 2024 and January 1, 2025, and 4,950 shares vest on January 1, 2026. 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.