Thimm Karl A. 4

4 · PCSB Financial Corp · Filed Jan 4, 2023

Form 4Exit

Period: 2023-01-01

Director

Transactions

Disposition to Issuer
Common Stock
[F1]
2023-01-01−29,001→ 0 total
Disposition to Issuer
Common Stock
[F1]
2023-01-01−3,150→ 0 total(indirect: By Spouse)
Disposition to Issuer
Stock Options
[F2]
2023-01-01−44,662→ 0 total
Exercise: $18.27From: 2019-10-24Exp: 2028-10-24→ Common Stock (44,662 underlying)
Disposition to Issuer
Stock Options
[F3][F1]
2023-01-01−2,791.218→ 0 total
→ Common Stock (2,791.218 underlying)

Footnotes (3)

[F1]Pursuant to a merger agreement between the Issuer and Brookline Bancorp, Inc., each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, either (i) $22.00 in cash or (ii) 1.3284 shares of Brookline Bancorp, Inc. common stock.
[F2]Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option multiplied by (ii) the excess, if any, of $22.00 over the exercise price per share of Issuer common stock provided for in such option, which cash payment was made without interest and net of all applicable withholding taxes.
[F3]Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's termination of service as a director in accordance with footnote 1 above.

Signature

/s/ Victor L. Cangelosi, pursuant to Power of Attorney|2023-01-04

Documents

1 file