4//SEC Filing
Rath John F 4
Accession 0001180220-20-000017
CIK 0000846901other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 1:23 PM ET
Size
5.6 KB
Accession
0001180220-20-000017
Insider Transaction Report
Form 4
Rath John F
EVP/Chief Loan Officer
Transactions
- Award
Common Stock
2020-02-26+9,100→ 25,295 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 1-1-2020 and ending on 12-31-2022 (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 17,717 Restricted Stock Units that have not yet vested.
Documents
Issuer
LAKELAND BANCORP INC
CIK 0000846901
Entity typeother
Related Parties
1- filerCIK 0001725797
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 1:23 PM ET
- Size
- 5.6 KB