4/A//SEC Filing
DELAWDER DAN 4/A
Accession 0000805676-23-000085
CIK 0000805676other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 5:14 PM ET
Size
20.6 KB
Accession
0000805676-23-000085
Insider Transaction Report
Form 4/AAmended
DELAWDER DAN
DirectorChairman & CEO
Transactions
- Award
Common Shares
2023-03-31+1,012.5→ 58,781.5 total - Tax Payment
Common Shares
2023-03-31$118.57/sh−335.74$39,809→ 58,445.76 total - Exercise/Conversion
Common Shares
2023-03-31+1,668.75→ 60,114.51 total - Tax Payment
Common Shares
2023-03-31$118.57/sh−553.328$65,608→ 59,561.182 total - Other
Common Shares
2023-04-28−1,792.182→ 57,769 total - Other
Common Shares
2023-04-28+1,792.182→ 11,866.457 total(indirect: C. Daniel DeLawder Managing Agency Account) - Exercise/Conversion
PBRSUs
2023-03-31−1,668.75→ 0 total→ Common Shares (1,668.75 underlying) - Award
PBRSUs
2023-03-31+1,012.5→ 1,012.5 total→ Common Shares (1,012.5 underlying)
Holdings
- 10,074.275(indirect: C. Daniel DeLawder Managing Agency Account)
Common Shares
- 50,232(indirect: By Spouse)
Common Shares
- 27,883.176(indirect: KSOP)
Common Shares
Footnotes (5)
- [F1]Effective March 31, 2023 (the "2020 PBRSU Certification Date"), the Executive Committee of the Board of Directors of Park National Corporation ("Park") certified the level of achievement with respect to the performance criteria for the three-fiscal-year performance period applicable to performance-based restricted stock units ("PBRSUs") granted to the reporting person effective January 1, 2020. The PBRSUs convert into Park common shares on a one-for-one basis. The PBRSUs earned based on the performance level achieved are also subject to a service-based vesting requirement with 50% vesting (resulting in the right to receive the 1,012.50 common shares shown in the first row in Table I) on the 2020 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2020 PBRSU Certification Date (shown in the second row in Table II as a derivative security).
- [F2]In the April 4, 2023 Form 4, an estimated number of Park common shares was reported as being withheld by Park in order to satisfy the tax withholding obligations of the reporting person that arose upon the vesting of the PBRSUs which were not subject to the service-based vesting requirement described in footnote (1) and the vesting of the PBRSUs that had been subject to the service-based vesting requirement described in footnote (3), as applicable. This amendment reports the correct number of common shares withheld.
- [F3]These PBRSUs converted into Park common shares on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2023.
- [F4]Reflects the transfer in April 2023 of 1,792.182 common shares of Park, previously beneficially owned directly by the reporting person, to the C. Daniel DeLawder Managing Agency Account, where they are now beneficially owned indirectly.
- [F5]Between January 1 and March 31, 2023, the reporting person acquired 241.294 common shares under the Park National Corporation Employees Stock Ownership Plan (the "KSOP"). The information in this report is based on a KSOP plan statement dated as of March 31, 2023.
Documents
Issuer
PARK NATIONAL CORP /OH/
CIK 0000805676
Entity typeother
Related Parties
1- filerCIK 0001201379
Filing Metadata
- Form type
- 4/A
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 5:14 PM ET
- Size
- 20.6 KB