HomeStreet HMST (“the Company”) announced today that
President and CEO Mark K. Mason has exercised options for 200,000 shares
of HMST common stock. The exercise represents 71% of Mr. Mason's
outstanding vested option shares.
“I am exercising options at this time to convert some of my optional
ownership of shares to actual ownership,” said Mr. Mason. “Exercising
these options allows me to establish a personal income tax basis for the
shares and receive any future dividends. To fund this exercise and the
related personal income tax obligation, I will be selling a portion of
the shares acquired through this option exercise. I have discussed my
decision to exercise options at this time with our senior management and
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