AGEE JEFF 4

What Happened
Jeff Agee, a director of Park National Corporation (PRK), acquired a total of 28,186.08 shares of Park common stock on February 1, 2026. These were not open‑market purchases but shares received through the merger with First Citizens Bancshares, Inc.; each First Citizens share held by the reporting person converted into 0.52 Park shares. Park's closing price on the merger effective date was $162.94, implying an approximate value of $4.59 million for the shares received (value estimated from the provided closing price).

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-03). Filing appears timely (filed 2 days after the transaction).
• Transaction type/code: "Other acquisition or disposition" (code J) — merger conversion.
• Individual converted lots reported: 7,779.72; 19,160.44; 833.56; and 412.36 shares — total 28,186.08 shares.
• Price reported as N/A (conversion); value estimated using Park close $162.94 per footnote ≈ $4.59M.
• Shares owned after transaction: not specified in the supplied filing details.
• Footnote: the shares resulted from the Merger of First Citizens into Park; conversion ratio = 0.52 Park share per First Citizens share.

Context
This was a corporate transaction (share conversion on merger), not a purchase or sale by the insider. Conversions from mergers are routine corporate actions and do not by themselves indicate the insider’s sentiment about the stock. For retail investors, purchases (direct buys) are generally more informative about an insider’s view than merger conversions.