Greg L. Smith - Jul 29, 2022 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role
SVP, General Counsel & Sec.
Signature
/s/Dawn Alger, power of attorney for Greg L. Smith
Stock symbol
LBC
Transactions as of
Jul 29, 2022
Transactions value $
$0
Form type
4
Date filed
7/29/2022, 08:55 PM
Previous filing
Jul 6, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBC Common Stock Award $0 +11.4K $0.00 11.4K Jul 29, 2022 Direct F1
* 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 four-year vesting schedule, vesting 25% on January 1, 2023, 25% on January 1, 2024, 25% on January 1, 2025, and 25% on January 1, 2026. 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.