Form 4/A for PRK PARK NATIONAL CORP /OH/
Accepted 2023-05-04 00:00:00 ET · period of report 2023-03-31 · accession 0000805676-23-000088 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2023-05-04 | 2023-03-31 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | M - OptEx | — | +2,225 | 31.2K | +8% | — |
| DMA | 2023-05-04 | 2023-03-31 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | F - Tax | $118.57 | -1,987 | 28.9K | -6% | -$235.7K |
| DA | 2023-05-04 | 2023-04-28 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | J - Other | — | -2,263 | 27.9K | -8% | — |
| DAI | 2023-05-04 | 2023-04-28 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | J - Other | — | +2,263 | 13.5K | +20% | — |
| DA | 2023-05-04 | 2023-03-31 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | A - Grant | — | +2,025 | 29.9K | +7% | — |
| DA | 2023-05-04 | 2023-03-31 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | A - Grant | — | +2,025 | 2,025 | New | — |
| DA | 2023-05-04 | 2023-03-31 | PRK | TRAUTMAN DAVID L | COB, CEO, Dir | M - OptEx | — | -2,225 | 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 | M | A | 2,225 | — | 31,168.03 | D | — | — | (F3) 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. |
| 2 | Common | Common Shares | 2023-03-31 | F | D | 1,040.47 | $118.57 | 30,127.56 | D | — | — | (F2) In the April 4, 2023 Form 4, an estimated number of Park common shares was reported as being withheld by Park in order to satisfy the tax withholding obligations of the reporting person that arose upon the vesting of the PBRSUs which were not subject to the service-based vesting requirement described in footnote (1) and the vesting of the PBRSUs that had been subject to the service-based vesting requirement described in footnote (3), as applicable. This amendment reports the correct number of common shares withheld. |
| 3 | Common | Common Shares | 2023-04-28 | J | D | 2,262.56 | — | 27,865 | D | — | — | (F4) Reflects the transfer in April 2023 of 2,262.559 common shares of Park, previously beneficially owned directly by the reporting person, to the David L. Trautman Managing Agency Account, where they are now beneficially owned indirectly. |
| 4 | Common | Common Shares | 2023-04-28 | J | A | 2,262.56 | — | 13,516.34 | I | — | — | (F4) Reflects the transfer in April 2023 of 2,262.559 common shares of Park, previously beneficially owned directly by the reporting person, to the David L. Trautman Managing Agency Account, where they are now beneficially owned indirectly. |
| 5 | Common | Common Shares | 2023-03-31 | A | A | 2,025 | — | 29,890 | D David L. Trautman Managing Agency Account | — | — | (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 2,025 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 | Common | Common Shares | 2023-03-31 | F | D | 946.97 | $118.57 | 28,943.03 | D | — | — | (F2) In the April 4, 2023 Form 4, an estimated number of Park common shares was reported as being withheld by Park in order to satisfy the tax withholding obligations of the reporting person that arose upon the vesting of the PBRSUs which were not subject to the service-based vesting requirement described in footnote (1) and the vesting of the PBRSUs that had been subject to the service-based vesting requirement described in footnote (3), as applicable. This amendment reports the correct number of common shares withheld. |
| 7 | Derivative | PBRSUs | 2023-03-31 | A | A | 2,025 | — | 2,025 | D | — · — to — | 2,025 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 2,025 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). |
| 8 | Derivative | PBRSUs | 2023-03-31 | M | D | 2,225 | — | 0 | D | — · — to — | 2,225 Common Shares | (F3) 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. |