Splaine Thomas Jr 4
4 · LAKELAND BANCORP INC · Filed Feb 28, 2019
Insider Transaction Report
Form 4
Splaine Thomas Jr
First SVP/Chief Accting Office
Transactions
- Award
Common Stock
2019-02-27+8,189→ 27,261 total
Footnotes (2)
- [F1]Represents performance-based Restricted Stock Units (RSUs), each representing the right to receive, following vesting, one share of common stock. The resulting shares acquired upon vesting of the RSUs is contingent upon the achievement of pre-established performance metrics over a 3 year period beginning 1-1-2019 and ending on 12-31-2021 (the "Performance Period"), provided that the Reporting Person remains employed by the Issuer on the date following the Performance Period that the Compensation Committee of the Issuer's Board of Directors determines that the performance goals for the final year of the Performance Period have been satisfied. If employment terminates sooner, the RSUs will be forfeited unless termination of employment occurs because of death or, subject to certain service requirements, disability or normal or early retirement, in any of which events the RSUs may vest in whole or in part. The RSUs were granted under the Issuer's 2018 Omnibus Equity Incentive Plan.
- [F2]Represents a total of 27,261 RSU's that have not vested yet.