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Mechanics Bancorp — Director's Dealing 2024
Jan 4, 2024
31388_dirs_2024-01-03_6fcf02dc-7b23-466c-9f36-07ac1918aac3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HomeStreet, Inc. (HMST)
CIK: 0001518715
Period of Report: 2024-01-01
Reporting Person: MASON MARK K (Director, CEO, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-01 | Common Stock | M | 3865 | — | Acquired | 182698 | Direct |
| 2024-01-01 | Common Stock | F | 1747 | $10.30 | Disposed | 180951 | Direct |
| 2024-01-01 | Common Stock | M | 2570 | — | Acquired | 183521 | Direct |
| 2024-01-01 | Common Stock | F | 1162 | $10.30 | Disposed | 182359 | Direct |
| 2024-01-01 | Common Stock | M | 4949 | — | Acquired | 187308 | Direct |
| 2024-01-01 | Common Stock | F | 2237 | $10.30 | Disposed | 185071 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-01 | Restricted Stock Units | $ | A | 46744 | Acquired | Common Stock (46744) | Direct | |
| 2024-01-01 | Restricted Stock Units | $ | M | 3865 | Disposed | Common Stock (3865) | Direct | |
| 2024-01-01 | Restricted Stock Units | $ | M | 2570 | Disposed | Common Stock (2570) | Direct | |
| 2024-01-01 | Restricted Stock Units | $ | M | 4949 | Disposed | Common Stock (4949) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3875 | Indirect |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
F2: Shares withheld by HomeStreet in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs.
F3: These shares are owned by the reporting person's spouse. Mr. Mason disclaims beneficial ownership of these shares except to the extent of any pecuniary interest he may have therein.
F4: On January 1, 2024, the reporting person was granted 46,744 RSUs, of which 15,581 shares vest each on January 1, 2025 and January 1, 2026, and 15,582 shares vest on January 1, 2027. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F5: On January 1, 2021, the reporting person was granted 11,595 RSUs, which vest incrementally in equal amounts on January 1, 2022, January 1, 2023, and January 1, 2024, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F6: On January 1, 2022, the reporting person was granted 7,710 RSUs, which vest incrementally in equal amounts on January 1, 2023, January 1, 2024, and January 1, 2025, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F7: On January 1, 2023, the reporting person was granted 14,848 RSUs, of which 4,949 shares vest on each of January 1, 2024 and January 1, 2025, and 4,950 shares vest on January 1, 2026. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.