NOGLES SCOTT 4
4 · PCSB Financial Corp · Filed Jan 4, 2023
Insider Transaction Report
Form 4
NOGLES SCOTT
Executive VP and CFO
Transactions
- Disposition to Issuer
Common Stock
2023-01-01−50,014→ 0 total - Disposition to Issuer
Common Stock
2023-01-01−20,385→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Options
2023-01-01−181,651→ 0 totalExercise: $19.40From: 2019-11-14Exp: 2028-11-14→ Common Stock (181,651 underlying) - Disposition to Issuer
Common Stock
2023-01-01−12,504→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2023-01-01−8,500→ 0 total(indirect: By IRA)
Footnotes (2)
- [F1]Pursuant to a merger agreement between the Issuer and Brookline Bancorp, Inc., each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, either (i) $22.00 in cash or (ii) 1.3284 shares of Brookline Bancorp, Inc. common stock.
- [F2]Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option multiplied by (ii) the excess, if any, of $22.00 over the exercise price per share of Issuer common stock provided for in such option, which cash payment was made without interest and net of all applicable withholding taxes.