HomeStreet, Inc. 4
4 · HomeStreet, Inc. · Filed Feb 2, 2015
Insider Transaction Report
Form 4
HomeStreet, Inc.HMST
NEWGARD JEFFREY K
EVP, Regional President
Transactions
- Award
Performance Share Units
[F1][F2]2015-01-29+3,723→ 7,392 totalExercise: $0.00→ Common Stock (3,723 underlying)
Footnotes (2)
- [F1]The number of performance share units ("PSUs") represents the maximum number of shares of HomeStreet common stock to which the reporting person will be entitled. The target number of shares associated with the grant is 2,482 shares of common stock. Each PSU represents one share of common stock and will vest depending on the achievement of certain specified performance criteria including the return on average equity for each of HomeStreet's 12 fiscal quarters completed from January 1, 2015 through December 31, 2017.
- [F2]The PSUs are scheduled to vest in the first quarter of 2018 when the HomeStreet, Inc. Human Resources and Corporate Governance Committee certifies the achievement of the performance goals in accordance with the provisions of the reporting person's award agreement. In the event of a change of control, all outstanding PSUs may vest under certain circumstances at the target award level on the effective date of the change in control.
Signature
/s/ Godfrey B. Evans, Attorney in fact for Jeffrey K. Newgard|2015-02-02