4//SEC Filing
Matteson Timothy J 4
Accession 0001062993-21-004970
CIK 0000846901other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 2:07 PM ET
Size
7.5 KB
Accession
0001062993-21-004970
Insider Transaction Report
Form 4
Matteson Timothy J
SVP and General Counsel
Transactions
- Award
Common Stock
2021-05-19+5,619→ 75,028 total - Award
Common Stock
2021-05-19+5,619→ 80,647 total
Footnotes (3)
- [F1]The above transaction represents the Executive's 2021 Incentive Plan award. The award is time-based Restricted Stock Units (RSUs) issued under the Issuer's 2018 Omnibus Equity Incentive Plan (Plan) and represent the right to receive, following vesting, one share of common stock. One-third (1/3rd) of the time-based RSUs shall become vested on May 19 of each of the following three years provided that Mr. Matteson remains in Continuous Service (as defined in the Plan) through each respective anniversary/vesting date. If such Continuous Service terminates sooner, the RSUs will be forfeited unless such termination of Continuous Service occurs because of death, disability, normal or early retirement, or a change in control event.
- [F2]The above transaction represents the Executive's 2021 Incentive Plan award. The award is Performance-Based Stock Units issued under the Issuer's 2018 Omnibus Equity Incentive Plan and represent the right to receive, following vesting, one share of common stock. The performance-based award is subject to goals based on the Company's return on average equity and may be adjusted upward or downward based on the Company's total shareholder return as compared to the TSR of the median of the Peer Group during the performance period. The PSUs shall become vested on May 19, 2024 provided that Mr. Matteson remains in Continuous Service through each respective anniversary/vesting date. If such Continuous Service terminates sooner, the PSUs will be forfeited unless such termination of Continuous Service occurs because of death, disability, normal or early retirement, or a change in control event.
- [F3]Represents a total of 49,266 RSU's that have not yet vested.
Issuer
LAKELAND BANCORP INC
CIK 0000846901
Entity typeother
Related Parties
1- filerCIK 0001314720
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 2:07 PM ET
- Size
- 7.5 KB