HAYES GERALD W JR 4
4 · SELECT BANCORP, INC. · Filed Jan 28, 2021
Insider Transaction Report
Form 4
HAYES GERALD W JR
Director
Transactions
- Award
Right to Acquire Common Stock
2021-01-26+1,592→ 1,592 total→ Common Stock (1,592 underlying)
Holdings
- 117,232
Common Stock
- 7,000
Options to Purchase Common Stock
Exercise: $11.27Exp: 2027-09-06→ Common Stock (7,000 underlying)
Footnotes (3)
- [F1]Securities listed as beneficially owned do not include shares held by Rabbi Trust in the issuer amended and restated directors deferral plan in which the reporting person is a participant.
- [F2]Represents shares granted to the reporting person under the terms of the Select Bancorp, Inc. 2018 Omnibus Stock Incentive Plan. Pursuant to the amended and restated directors deferral plan, the reporting person has elected to defer receipt of the shares until the reporting persons separation from service as such term is defined in Internal Revenue Code Section 409A(a)(2)(A)(i) and applicable regulations and other guidance thereunder.
- [F3]The option vests in five equal annual installments beginning on September 6, 2018.