Alexander L. Stefani - Feb 20, 2024 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role: EVP, Chief Credit Officer
Signature: /s/ Dawn Alger, power of attorney for Alexander Lawrence Stefani
Stock symbol: LBC
Transactions as of: Feb 20, 2024
Transactions value $: -$13,406
Form type: 4
Date filed: 2/21/2024, 07:02 PM
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	-$13.4K	-1.4K	-2.89%	$9.61	46.9K	Feb 20, 2024	Direct	F1

* 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.

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.