Schultz Edward 4
4 · HomeStreet, Inc. · Filed Apr 1, 2019
Insider Transaction Report
Form 4
HomeStreet, Inc.HMST
Schultz Edward
EVP, Dir. of Comm'l Banking
Transactions
- Award
Restricted Stock Units
2019-03-28+2,604→ 12,613 total→ Common Stock (2,604 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
- [F2]On March 28, 2019, the reporting person was granted 2,604 RSUs, which vest incrementally in equal amounts on March 28, 2020, March 28, 2021 and March 28, 2022, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
- [F3]The reporting person's remaining RSUs includes 5,439 RSUs granted on June 30, 2016, which vest on June 30, 2019, 766 RSUs January 26, 2017, which vest on January 26, 2020, and 2,316 RSUs granted on November 1, 2017, which vest incrementally in equal amounts on November 1, 2019 and November 1, 2020, and 1,488 RSUs granted on January 29, 2018, which vest incrementally in equal amounts on January 29, 2020 and January 29, 2021, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.