0001062993-24-004218.txt : 20240223
0001062993-24-004218.hdr.sgml : 20240223
20240223153359
ACCESSION NUMBER: 0001062993-24-004218
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240221
FILED AS OF DATE: 20240223
DATE AS OF CHANGE: 20240223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ho-Sing-Loy Paul
CENTRAL INDEX KEY: 0001769530
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-17820
FILM NUMBER: 24670822
MAIL ADDRESS:
STREET 1: C/O LAKELAND BANCORP, INC.
STREET 2: 250 OAK RIDGE ROAD
CITY: OAK RIDGE
STATE: NJ
ZIP: 07438
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LAKELAND BANCORP INC
CENTRAL INDEX KEY: 0000846901
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 222953275
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 250 OAK RIDGE RD
CITY: OAK RIDGE
STATE: NJ
ZIP: 07438
BUSINESS PHONE: 9736972000
MAIL ADDRESS:
STREET 1: 250 OAK RIDGE RD
CITY: OAKRIDGE
STATE: NJ
ZIP: 07438
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0508
4
2024-02-21
0000846901
LAKELAND BANCORP INC
LBAI
0001769530
Ho-Sing-Loy Paul
C/O LAKELAND BANCORP, INC.
250 OAK RIDGE ROAD
OAK RIDGE
NJ
07438
0
1
0
0
EVP Chief Information Officer
0
Common Stock
2024-02-21
4
A
0
6085
0.00
A
44534
D
Common Stock
2024-02-21
4
A
0
6085
0.00
A
50619
D
The above transaction represents the Executive's 2024 Restricted Stock Units (RSUs) awarded under the Issuer's 2018 Omnibus Equity Incentive Plan (Plan) and right to receive, following vesting, one share of common stock. 1/3rd of the time-based RSUs shall become vested on February 27 of each of the following 3 years provided that the Executive remains in Continuous Service (as defined in the Plan) through each respective vesting date, subject to forfeiture upon termination, other than for death, disability, normal or early retirement. In the event of a change in control in 2024 followed by a qualifying termination of employment, the RSUs will vest pro-rata determined by multiplying (i) the number of unvested RSUs by (ii) a fraction, the numerator of which shall be the number of months that have elapsed between the grant date and the change in control date and the denominator which shall be 12.
2. The above transaction represents the Executive's 2024 Performance-Based Stock Units (PSUs) awarded under the Plan and right to receive, following vesting, one share of common stock. The award is subject to goals based on the Company's return on average equity and may be adjusted upward or downward based on the Company's total shareholder return compared to peer performance. The PSUs shall become vested on February 27, 2027 provided that the Executive remains in Continuous Service through the vesting date and may be forfeited upon termination other than for death, disability, normal or early retirement. Vesting of the PSUs in the event of a change in control shall following the same approach as the Executive???s 2024 RSU award. In the event of a change in control followed by continued employment, the PSUs will convert to time-vested awards and vest ratably over three years.
Includes 32,386 Restricted and Performance Stock Units that have not yet vested.
/s/ Patricia Backman, POA
2024-02-23