Tammy Mahoney - 20 Feb 2024 Form 4 Insider Report for Luther Burbank Corp

Role: EVP, Chief Risk Officer
Signature: /s/ Dawn Alger, power of attorney for Tammy Mahoney
Issuer symbol: N/A
Transactions as of: 20 Feb 2024
Net transactions value: -$23,391
Form type: 4
Filing time: 21 Feb 2024, 18:37:36 UTC
Previous filing: 02 Jan 2024
Next filing: 01 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LBC	Common Stock	Tax liability	$23,391	-2,434	-7.3%	$9.61	30,769	20 Feb 2024	Direct	F1
holding	LBC	Common Stock						2,310	20 Feb 2024	By Self as Trustee Tammy J Mahoney Rev TR U/A DTD 4/1/2011	F2

* 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.
F2	Shares of Common Stock are held by Ms. Mahoney as Trustee of the Tammy J Mahoney Rev Tr U/A DTD 4/1/2011. Ms. Mahoney possesses the voting and investment power with respect to the shares of Common Stock held by the trust.

Content

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.

Shares of Common Stock are held by Ms. Mahoney as Trustee of the Tammy J Mahoney Rev Tr U/A DTD 4/1/2011. Ms. Mahoney possesses the voting and investment power with respect to the shares of Common Stock held by the trust.