The surrender of these shares is for tax withholding purposes in conjunction with the vesting of restricted shares held by the reporting person.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever LNB Bancorp makes a similar move, sign up!
Other recent filings from the company include the following:
LNB Bancorp director just picked up 50,000 shares - March 3, 2014