Alexander Lawrence Stefani - 01 Apr 2021 Form 4/A - Amendment Insider Report for Luther Burbank Corp

Role
EVP, Chief Credit Officer
Signature
/s/ Dawn Alger, power of attorney for Alex Stefani
Issuer symbol
N/A
Transactions as of
01 Apr 2021
Net transactions value
-$24,760
Form type
4/A - Amendment
Filing time
27 Jan 2022, 14:27:33 UTC
Date Of Original Report
05 Apr 2021
Next filing
27 Jan 2022
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 $24,760 -2,093 -4.3% $11.83 46,450 01 Apr 2021 Direct F1
transaction LBC Common Stock Award $0 +4,263 +9.2% $0.000000 50,713 01 Apr 2021 Direct F2, 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 vesting of restricted stock or restricted stock units previously issued.
F2 This form is being amended to reflect a grant of restricted stock award of 4,263 shares made on April 1, 2021.
F3 The reporting person received a restricted stock award subject to a three-year vesting schedule, vesting 33.34% on January 1, 2022, 33.33% on January 1, 2023, and 33.33% on January 1, 2024. 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.