Trione Victor 4
4 · Luther Burbank Corp · Filed Mar 1, 2024
Insider Transaction Report
Form 4
Trione Victor
Director
Transactions
- Disposition to Issuer
Common Stock
2024-03-01−11,025,000→ 0 total(indirect: By Trust)
Footnotes (2)
- [F1]Disposed of in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd", f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into WaFd on March 1, 2024 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into, and canceled in exchange for, the right to receive 0.3353 shares of WaFd common stock and cash in lieu of fractional shares, if applicable.
- [F2]Shares of Common Stock are held by Mr. Trione as Trustee under Declaration of Trust dated October 10, 1988. Mr. Trione possesses the voting and investment power with respect to the shares of Common Stock held by the trust.