Laura Tarantino - 25 Jan 2022 Form 4 Insider Report for Luther Burbank Corp

Role
EVP, CFO
Signature
/s/ Dawn Alger, power of attorney for Laura Tarantino
Issuer symbol
N/A
Transactions as of
25 Jan 2022
Net transactions value
$0
Form type
4
Filing time
27 Jan 2022, 14:06:35 UTC
Previous filing
04 Jan 2022
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBC Common Stock Award $0 +16,293 +11% $0.000000 162,672 25 Jan 2022 Direct F1
holding LBC Common Stock 10,651 25 Jan 2022 By Self as Trustee of the Tarantino Rv Lvg Tr Dtd 10/15/04. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received a restricted stock award subject to a three-year vesting schedule, vesting 33.34% on January 1, 2023, 33.33% on January 1, 2024, and 33.33% on January 1, 2025. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock shares that have vested.
F2 Shares of Common Stock are held by Ms. Tarantino as Trustee of the Tarantino Rev Lvg Tr dated 10/15/04. Ms. Tarantino possesses the voting and investment power with respect to the shares of Common Stock held by the trust.