SEC Form 4 · accession 0001501364-17-000064
United Financial Bancorp, Inc. · UBNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Paulson
Officer — EVP
Period of report
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001501364
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4,F5,F6 | Jun 30, 2017 | J | 1,419 | $18.16 | D | 32,381 | D | |
| Common StockF1,F2,F3,F4,F5,F6,F7 | Jun 30, 2017 | F | 1,464 | $18.16 | D | 30,917 | D | |
| Common StockF8 | holding | — | — | — | 807 | I | By United Bank 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 3,389 restricted stock shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan and cliff vest on December 31, 2019, if, and only if, United Financial Bancorp, Inc. meets certain performance goals.
- F2Includes 5,386 restricted stock shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan and cliff vest on 12/31/2018, if, and only if, United Financial Bancorp, Inc. meets certain performance goals.
- F3Includes 11,196 Shares of Restricted Stock granted pursuant to the Rockville Financial, Inc.'s 2012 Stock Incentive Plan. The original grant of 17,019 shares will vest in four equal annual installments of 25%, with the first installment to vest on May 12, 2014 and an additional 25% to vest on each annual anniversary of Mr. Paulson's hire date of March 3rd, 2014. The reported number of shares is net of 5,823 shares withheld by the Issuer for tax withholding purposes.
- F4Includes 2,790 shares of Restricted Stock granted pursuant to the Rockville Financial, Inc.'s 2012 Stock Incentive Plan. The original grant of 5,673 shares cliff vested on December 31, 2016, if and only if, United Financial Bancorp, Inc. meets certain performance goals. Not all requirements were met, and as a result, this transaction represents the distribution of the original 5,673 granted shares decreased by 1,419 shares for not meeting those performance requirements. The reported number of shares is net of 1,464 shares withheld by the Issuer for tax withholding purposes.
- F5Includes 3,389 restricted shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan. The original grant of 3,389 shares vest in equal 33% increments over a three year period, the first 33% vesting on November 22, 2017 and the subsequent vesting on each on each annual anniversary of the grant date thereafter.
- F6Includes 4,767 restricted shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan. The original grant of 5,386 shares vest in equal 33% increments over a three year period, the first 33% vesting on November 18, 2016 and the subsequent vesting on each on each annual anniversary of the grant date thereafter. The reported number of shares is net of 619 shares withheld by the Issuer for tax withholding purposes.
- F7Transaction represents shares withheld by the Issuer for tax withholding purposes with respect vesting of Restricted Stock previously issued to the Reporting Person by the Issuer.
- F8Shares allocated to the account under the United Bank 401(k) Plan, of which all shares are vested.