4//SEC Filing
Lalwani Ellen 4
Accession 0001062993-23-004746
CIK 0000846901other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 2:40 PM ET
Size
7.7 KB
Accession
0001062993-23-004746
Insider Transaction Report
Form 4
Lalwani Ellen
EVP/Chief Retail Officer
Transactions
- Award
Common Stock
2023-02-22+5,853→ 55,539 total - Award
Common Stock
2023-02-22+5,853→ 49,686 total
Footnotes (3)
- [F1]The above transaction represents the Executive's 2023 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 February 27 of each of the following three years provided that the Executive 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]Includes 73 shares for dividend reinvestment shares credited on 2-27-23.
- [F3]The above transaction represents the Executive's 2023 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 February 27, 2025 provided that the Executive remains in Continuous Service through the 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. Represents a total of 34,606 unvested restricted and performance stock units that have not vested.
Issuer
LAKELAND BANCORP INC
CIK 0000846901
Entity typeother
Related Parties
1- filerCIK 0001725633
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 2:40 PM ET
- Size
- 7.7 KB