LAGOMARSINO SIMONE 4
4 · Luther Burbank Corp · Filed Jan 27, 2022
Insider Transaction Report
Form 4
LAGOMARSINO SIMONE
DirectorPresident CEO
Transactions
- Award
Common Stock
2022-01-25+57,930→ 146,394 total
Holdings
- 173,828(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]The reporting person received a restricted stock award subject to a three-year vesting schedule, vesting 33.34% on January 1, 2023, 33.33% on January 1, 2024, and 33.33% on January 1, 2025. 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.
- [F2]On 1/27/2021 52,526 shares and on 1/06/2022 79,008 shares previously held by the reporting person directly were transferred into the Allan and Lagomarsino Revocable Trust UAD 2/10/2017 (the "Trust") in a transaction exempt from Section 16 reporting pursuant to Rule 16a-13.
- [F3]Shares of Common Stock are held by Ms. Lagomarsino as Trustee of the Allan and Lagomarsino Revocable Trust UAD 2/10/2017, as amended. Ms. Lagomarsino possesses the voting and investment power with respect to the shares of Common Stock held by the trust.