Banc of California executive granted stock and performance units

Rice Joseph J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Rice Joseph J reported acquisition or exercise transactions in this Form 4 filing.

BANC OF CALIFORNIA, INC. executive Joseph J. Rice reported equity awards in the company’s stock. He received 18,114 restricted stock units, bringing his direct common stock holdings to 44,531 shares after the grant. He also holds 10,000 shares through the Joseph J. Rice 2012 Irrevocable Trust and 9,500 shares through the Joseph & Monica Rice Revocable Trust.

Rice was additionally granted 50,000 performance-based restricted stock units tied to the issuer’s common stock achieving a twenty-day Volume-Weighted Average Price of $28.73 per share by May 23, 2028, along with continued service through that date.

Insights

Equity Compensation Analyst

Executive receives time- and performance-based stock awards, increasing equity exposure without open-market buying.

Senior executive Joseph J. Rice received 18,114 restricted stock units that vest annually in substantially equal installments over three years beginning on July 31, 2027. This is a compensation award, not a market purchase, and increases his potential direct ownership as the units vest into shares.

He also received 50,000 performance-based restricted stock units that convert into shares only if the stock reaches a twenty-day Volume-Weighted Average Price of $28.73 per share by May 23, 2028 and he continues service through that date. This structure links part of his future equity to sustained stock price performance over a defined timeframe.

Insider Trade Summary

Grant/Award: 68,114 shares

Grant/Award 4 txns

Insider Rice Joseph J

Role SR EVP AND VICE CHAIRMAN

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Units F2	50,000	$0.00	$0.00
Grant/Award	Common Stock F1	18,114	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Stock Units — 50,000 contracts (Direct); Common Stock — 44,531 shares (Direct); Common Stock — 9,500 shares (Indirect, By the Joseph & Monica Rice Revocable Trust); Common Stock — 10,000 shares (Indirect, By the Joseph J. Rice 2012 Irrevocable Trust)

Footnotes (2)

1. F1. Represents grant of restricted stock units. Shares will be issued upon vesting and will vest annually, in substantially equal installments, over a three-year period beginning on July 31, 2027.
2. F2. Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $28.73 per share by no later than May 23, 2028, and (b) the Reporting Persons' continued service through May 23, 2028.

Key Figures

Restricted stock units granted: 18,114 units Performance-based RSUs granted: 50,000 units VWAP performance hurdle: $28.73 per share +4 more

7 metrics

Restricted stock units granted 18,114 units Restricted stock units granted on July 8, 2026 that vest annually over three years beginning July 31, 2027

Performance-based RSUs granted 50,000 units Performance-based restricted stock units granted on July 8, 2026 tied to stock price and service conditions through May 23, 2028

VWAP performance hurdle $28.73 per share Twenty-day Volume-Weighted Average Price required for performance-based units by May 23, 2028

Direct common stock holdings after grant 44,531 shares Direct Banc of California common stock held by Joseph J. Rice following the restricted stock unit grant

Indirect holdings – 2012 Irrevocable Trust 10,000 shares Common stock held indirectly by the Joseph J. Rice 2012 Irrevocable Trust

Indirect holdings – Revocable Trust 9,500 shares Common stock held indirectly by the Joseph & Monica Rice Revocable Trust

Performance unit expiration date May 23, 2028 Expiration date reported for the performance-based restricted stock units

Key Terms

restricted stock units, performance-based restricted stock units, Volume-Weighted Average Price, twenty-day VWAP, +1 more

5 terms

restricted stock units financial

"Represents grant of restricted stock units. Shares will be issued upon vesting"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance-based restricted stock units financial

"Represents grant of performance-based restricted stock units. Shares will be issued"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

Volume-Weighted Average Price financial

"Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $28.73 per share"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

twenty-day VWAP financial

"Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $28.73 per share"

continued service financial

"and (b) the Reporting Persons' continued service through May 23, 2028"

FAQ

What equity awards did Joseph J. Rice receive from BANC on July 8, 2026?

Joseph J. Rice received 18,114 restricted stock units and 50,000 performance-based restricted stock units tied to Banc of California’s common stock, both recorded at a $0.00 grant price per unit.

How and when do Joseph J. Rice’s 18,114 restricted stock units from BANC vest?

The 18,114 restricted stock units will vest annually in substantially equal installments over a three-year period, beginning on July 31, 2027, with shares issued upon vesting.

What conditions apply to the 50,000 performance stock units granted to BANC executive Joseph J. Rice?

The 50,000 performance-based restricted stock units will convert into shares only if Banc of California stock attains a twenty-day VWAP of $28.73 per share by May 23, 2028 and Rice continues service through that date.

What are Joseph J. Rice’s reported direct BANC common stock holdings after these awards?

After the 18,114 restricted stock unit grant, Joseph J. Rice’s direct holdings of Banc of California common stock total 44,531 shares, according to the reported post-transaction balance.

What indirect BANC share holdings are reported for Joseph J. Rice through trusts?

Indirectly, 10,000 shares are held by the Joseph J. Rice 2012 Irrevocable Trust and 9,500 shares by the Joseph & Monica Rice Revocable Trust, both reported as indirect ownership positions.

Do the Form 4 transactions for BANC show any open-market buys or sells by Joseph J. Rice?

No open-market purchases or sales are reported. The Form 4 reflects equity compensation awards and updated direct and indirect holdings, rather than discretionary buying or selling in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/10/2026 - 06:07 PM Accepted by SEC EDGAR 07/10/2026 - 06:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rice Joseph J

(Last) (First) (Middle)

C/O BANC OF CALIFORNIA, INC.

3 MACARTHUR PLACE

(Street)

SANTA ANA CALIFORNIA 92707

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BANC OF CALIFORNIA, INC. [ BANC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SR EVP AND VICE CHAIRMAN

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/08/2026		A(1)		18,114	A	$0.00	44,531	D
Common Stock								9,500	I	By the Joseph & Monica Rice Revocable Trust
Common Stock								10,000	I	By the Joseph J. Rice 2012 Irrevocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	(2)	07/08/2026		A(2)		50,000		(2)	05/23/2028(2)	Common Stock	50,000	$0.00	50,000	D

Explanation of Responses:

1. Represents grant of restricted stock units. Shares will be issued upon vesting and will vest annually, in substantially equal installments, over a three-year period beginning on July 31, 2027.

2. Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $28.73 per share by no later than May 23, 2028, and (b) the Reporting Persons' continued service through May 23, 2028.

Remarks:

	/s/ Ido Dotan, Attorney-in-Fact for Joseph J Rice	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)