Form 4 for PRK PARK NATIONAL CORP /OH/
Accepted 2023-04-04 00:00:00 ET · period of report 2023-03-31 · accession 0000805676-23-000063 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-04-04 | 2023-03-31 | PRK | Herreman Kelly A | CAO | F - Tax | $118.57 | -299.83 | 371.42 | -45% | -$35.6K |
| D | 2023-04-04 | 2023-03-31 | PRK | Herreman Kelly A | CAO | M - OptEx | — | +333.75 | 520.50 | +179% | — |
| D | 2023-04-04 | 2023-03-31 | PRK | Herreman Kelly A | CAO | A - Grant | — | +337.50 | 337.50 | New | — |
| D | 2023-04-04 | 2023-03-31 | PRK | Herreman Kelly A | CAO | A - Grant | — | +337.50 | 337.50 | New | — |
| D | 2023-04-04 | 2023-03-31 | PRK | Herreman Kelly A | CAO | M - OptEx | — | -333.75 | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2023-03-31 | F | D | 150.75 | $118.57 | 186.75 | D | — | — | |
| 2 | Common | Common Shares | 2023-03-31 | M | A | 333.75 | — | 520.50 | D | — | — | (F2) These PBRSUs converted into Park common shares on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2023. |
| 3 | Common | Common Shares | 2023-03-31 | F | D | 149.08 | $118.57 | 371.42 | D | — | — | |
| 4 | Common | Common Shares | 2023-03-31 | A | A | 337.50 | — | 337.50 | D | — | — | (F1) Effective March 31, 2023 (the "2020 PBRSU Certification Date"), the Executive Committee of the Board of Directors of Park National Corporation ("Park") certified the level of achievement with respect to the performance criteria for the three-fiscal-year performance period applicable to performance-based restricted stock units ("PBRSUs") granted to the reporting person effective January 1, 2020. The PBRSUs convert into Park common shares on a one-for-one basis. The PBRSUs earned based on the performance level achieved are also subject to a service-based vesting requirement with 50% vesting (resulting in the right to receive the 337.50 common shares shown in the first row in Table I) on the 2020 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2020 PBRSU Certification Date (shown in the second row in Table II as a derivative security). |
| 5 | Derivative | PBRSUs | 2023-03-31 | A | A | 337.50 | — | 337.50 | D | — · — to — | 337.50 Common Shares | (F1) Effective March 31, 2023 (the "2020 PBRSU Certification Date"), the Executive Committee of the Board of Directors of Park National Corporation ("Park") certified the level of achievement with respect to the performance criteria for the three-fiscal-year performance period applicable to performance-based restricted stock units ("PBRSUs") granted to the reporting person effective January 1, 2020. The PBRSUs convert into Park common shares on a one-for-one basis. The PBRSUs earned based on the performance level achieved are also subject to a service-based vesting requirement with 50% vesting (resulting in the right to receive the 337.50 common shares shown in the first row in Table I) on the 2020 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2020 PBRSU Certification Date (shown in the second row in Table II as a derivative security). |
| 6 | Derivative | PBRSUs | 2023-03-31 | M | D | 333.75 | — | 0 | D | — · — to — | 333.75 Common Shares | (F2) These PBRSUs converted into Park common shares on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2023. |