Lee C. Powlus - May 21, 2021 Form 4 Insider Report for People's United Financial, Inc. (PBCT)

Role
Sr Ex VP & Chief Admin Officer
Signature
/s/ Lee C. Powlus
Stock symbol
PBCT
Transactions as of
May 21, 2021
Transactions value $
-$39,872
Form type
4
Date filed
5/24/2021, 05:10 PM
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBCT Common Stock Options Exercise $98.3K +7.25K +4.66% $13.55 163K May 21, 2021 Direct
transaction PBCT Common Stock Sale -$138K -7.25K -4.45% $19.05 156K May 21, 2021 Direct F1, 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 PBCT Employee Option to Buy Options Exercise $0 -7.25K -100% $0.00* 0 May 21, 2021 Common Stock 7.25K $13.55 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $19.03 to $19.07. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request by the SEC staff, People's United Financial, Inc. or a shareholder of People's United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.
F2 Includes 2,749 shares owned indirectly through the People's United Bank 401(k) Plan (including 30 shares acquired through dividend reinvestment) and 4,802 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 55 shares acquired through dividend reinvestment). Information is based on 3/31/2021 Plan statements.
F3 Exercisable in annual increments on 7/21/2013 (50%); 7/21/2014 (25%); and 7/21/2015 (25%).