SEC Form 5 · accession 0001501364-18-000017
United Financial Bancorp, Inc. · UBNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig W Hurty
Officer — EVP United Bank
Period of report
Dec 31, 2017
Accepted (ET)
Feb 14, 2018 · 7:02 pm EST
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 | Dec 31, 2017 | A | 2,178 | $0.00 | A | 7,915 | I | By United Bank 401(k) Plan |
| Common StockF3,F4,F5,F6,F7,F8,F9,F10,F11 | holding | — | — | — | 23,189 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares allocated to the account of Mr. Hurty under the United Bank 401(k) Plan, of which all shares are vested.
- F10Includes 2,175 restricted stock shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan and cliff vest on December 31, 2020, if, and only if, United Financial Bancorp, Inc. meets certain performance goals.
- F11Includes additional non-reportable shares acquired through dividend reinvestment during 2017, not previously reported.
- F2Additional non-reportable shares acquired in the United Bank 401(k) Plan during 2017, not previously reported.
- F3Includes 2,157 shares of restricted stock granted pursuant to the Rockville Financial, Inc.'s 2012 Stock Incentive Plan. The original grant of 4,392 shares cliff vested on June 30, 2017, 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 4,392 granted shares decreased by 1,098 shares for not meeting those performance requirements. The reported number of shares is net of 1,137 shares withheld by the Issuer for tax withholding purposes
- F4Includes 4,392 restricted shares granted pursuant to the Rockville Financial, Inc.'s 2012 Stock Incentive Plan. The original grant of 4,392 shares will vest in four equal annual installments of 25%, with the first installment to vest on June 9, 2014 and an additional 25% to vest on each annual anniversary of the grant date thereafter.
- F5Includes 3,746 restricted stock shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan and cliff vest on December 31, 2018, if, and only if, United Financial Bancorp, Inc. meets certain performance goals.
- F6Includes 2,326 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.
- F7Includes 3,312 restricted shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan. The original grant of 3,746 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 434 shares withheld by the Issuer for tax withholding purposes.
- F8Includes 2,055 restricted shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan. The original grant of 2,326 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. The reported number of shares is net of 271 shares withheld by the Issuer for tax withholding purposes.
- F9Includes 2,175 restricted shares granted pursuant to the United Financial Bancorp, Inc. 2015 Omnibus Stock Incentive Plan. The original grant of 2,175 shares vest in equal 33% increments over a three year period, the first 33% vesting on November 22, 2018 and the subsequent vesting on each on each annual anniversary of the grant date thereafter.