0000805676-24-000073.txt : 20240419
0000805676-24-000073.hdr.sgml : 20240419
20240419165057
ACCESSION NUMBER: 0000805676-24-000073
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240331
FILED AS OF DATE: 20240419
DATE AS OF CHANGE: 20240419
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Herreman Kelly A
CENTRAL INDEX KEY: 0001702544
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13006
FILM NUMBER: 24858499
MAIL ADDRESS:
STREET 1: 50 N THIRD STREET
CITY: NEWARK
STATE: OH
ZIP: 43055
FORMER NAME:
FORMER CONFORMED NAME: Edds Kelly A
DATE OF NAME CHANGE: 20170330
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PARK NATIONAL CORP /OH/
CENTRAL INDEX KEY: 0000805676
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 311179518
STATE OF INCORPORATION: OH
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 50 NORTH THIRD ST
CITY: NEWARK
STATE: OH
ZIP: 43055
BUSINESS PHONE: 6143498451
MAIL ADDRESS:
STREET 1: P O BOX 3500
CITY: NEWARK
STATE: OH
ZIP: 43058-3500
4/A
1
wk-form4a_1713559848.xml
FORM 4/A
X0508
4/A
2024-03-31
2024-04-02
0
0000805676
PARK NATIONAL CORP /OH/
PRK
0001702544
Herreman Kelly A
50 N. THIRD STREET
NEWARK
OH
43055
0
1
0
0
Chief Accounting Officer
0
Common Shares
2024-03-31
4
A
0
337.5
A
337.5
D
Common Shares
2024-03-31
4
F
0
148.569
135.85
D
188.931
D
Common Shares
2024-03-31
4
M
0
337.5
A
526.431
D
Common Shares
2024-03-31
4
F
0
148.56
135.85
D
377.871
D
Common Shares
2024-04-11
5
J
0
E
377.871
D
0
D
Common Shares
2024-04-11
5
J
0
E
377.871
A
1637.582
I
Kelly Herreman Managing Agency Account
Common Shares
2517.699
I
KSOP
PBRSUs
2024-03-31
4
M
0
337.5
D
Common Shares
337.5
0
D
PBRSUs
2024-03-31
4
A
0
337.5
A
Common Shares
337.5
337.5
D
Effective March 31, 2024 (the "2021 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, 2021. 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 2021 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2021 PBRSU Certification Date (shown in the second row in Table II as a derivative security).
In the April 2, 2024 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.
These PBRSUs converted into common shares of Park National Corporation on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2024.
Reflects the transfer in April 2024 of 377.871 common shares of Park, previously beneficially owned directly by the reporting person, to the Kelly Herreman Managing Agency Account, where they are now beneficially owned indirectly.
Between January 1 and March 31, 2024, the reporting person acquired 81.799 common shares under the Park National Corporation Employees Stock Ownership Plan (the "KSOP"). The information in this report is based on a KSOP plan statement dated as of March 31, 2024.
/s/ Brady T. Burt, Attorney-in-Fact for Kelly A. Herreman
2024-04-19