Laura Tarantino - Feb 20, 2024 Form 4/A Insider Report for Luther Burbank Corp (LBC)

Role
EVP, CFO
Signature
/s/ Dawn Alger, power of attorney for Laura Tarantino
Stock symbol
LBC
Transactions as of
Feb 20, 2024
Transactions value $
-$250,590
Form type
4/A
Date filed
3/1/2024, 11:01 AM
Date Of Original Report
Feb 21, 2024
Previous filing
Jan 2, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBC Common Stock Tax liability -$251K -26.1K -18.77% $9.61 113K Feb 20, 2024 Direct F1, F2
holding LBC Common Stock 10.7K Feb 20, 2024 By Self as Trustee of the Tarantino Rv Lvg Tr Dtd 10/15/04. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock or the release of restricted stock units previously issued. The accelerated vesting or the release of stock was in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd", f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended, pursuant to which the Issuer plans to merge with and into WaFd on or about February 29, 2024 (the "Merger").
F2 The original Form 4 filed on February 21, 2024, is being amended to correct an administrative error that incorrectly reported that 26,057 restricted stock units were disposed of on February 20, 2024.
F3 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.