Form 4: Park National Corp Executive Kelly A. Herreman Reports Stock Transactions

Kelly A. Herreman, Chief Accounting Officer of Park National Corp, reports acquisition and disposal of common shares and performance-based restricted stock units (PBRSUs) on March 31, 2025.

Summary

• On March 31, 2025, Kelly A. Herreman, Chief Accounting Officer of Park National Corp, reported transactions involving the company's common shares and PBRSUs.
• Herreman acquired 262.5 common shares related to PBRSUs granted on January 20, 2022, based on the achievement of performance criteria over a three-year period.
• 98.6516 common shares were disposed of at a price of $151.4.
• Additionally, 337.5 common shares were acquired upon the satisfaction of a service-based vesting requirement, converting PBRSUs into common shares on a one-for-one basis.
• 139.0256 common shares were disposed of at a price of $151.4.
• The report also notes that Herreman's beneficially owned shares differ due to shares acquired under Park's employee stock ownership plan (KSOP).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, PBRSU, Park National Corp, Kelly A. Herreman, Common Shares, KSOP