4//SEC Filing
Cuddy William V Jr 4
Accession 0001567619-23-000133
CIK 0001691337other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 2:42 PM ET
Size
9.7 KB
Accession
0001567619-23-000133
Insider Transaction Report
Form 4
Cuddy William V Jr
Director
Transactions
- Disposition to Issuer
Stock Options
2023-01-01−44,662→ 0 totalExercise: $18.27From: 2019-10-24Exp: 2028-10-24→ Common Stock (44,662 underlying) - Disposition to Issuer
Common Stock
2023-01-01−50,801→ 0 total - Disposition to Issuer
Phantom Stock
2023-01-01−29,185.537→ 0 total→ Common Stock (29,185.537 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.
Documents
Issuer
PCSB Financial Corp
CIK 0001691337
Entity typeother
Related Parties
1- filerCIK 0001390399
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 2:42 PM ET
- Size
- 9.7 KB