Banc of California exec covers taxes with shares

BANC OF CALIFORNIA, INC. chief credit officer Bryan M. Corsini reported a routine tax-related share disposition.

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Form Type

Rhea-AI Filing Summary

BANC OF CALIFORNIA, INC. chief credit officer Bryan M. Corsini reported a routine tax-related share disposition. On May 9, 2026, 9,677 shares of Common Stock were disposed of at $19.04 per share to satisfy tax liabilities from the vesting of a prior equity award. After this transaction, Corsini directly holds 74,033 shares of Banc of California common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 9,677 shares

Exercise Price or Tax Liability 1 txn

Insider CORSINI BRYAN M

Role CHIEF CREDIT OFFICER

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	9,677	$19.04	$184K

Holdings After Transaction: Common Stock — 74,033 shares (Direct)

Footnotes (1)

F1. Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.

Key Figures

Tax-withholding shares: 9,677 shares Disposition price: $19.04 per share Shares owned after transaction: 74,033 shares +1 more

4 metrics

Tax-withholding shares 9,677 shares Common Stock disposed on May 9, 2026

Disposition price $19.04 per share Price used for tax-withholding disposition

Shares owned after transaction 74,033 shares Common Stock directly owned after May 9, 2026

Tax-withholding transactions 1 transaction Tax-withholding count in this Form 4

Key Terms

Common Stock, tax-withholding disposition, transaction code F, vesting

4 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

transaction code F financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

vesting financial

"tax liability incurred by the vesting of a previously granted award"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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What did BANC (BANC) executive Bryan Corsini report in this Form 4?

Bryan M. Corsini, chief credit officer of Banc of California, reported a tax-related share disposition. On May 9, 2026, 9,677 shares of Common Stock were withheld at $19.04 per share to cover taxes from a previously granted award vesting.

Was the BANC (BANC) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were disposed of at $19.04 per share to satisfy Bryan Corsini’s tax liability arising from the vesting of a previously granted equity award, according to the filing footnote.

How many BANC (BANC) shares were used to cover taxes for Bryan Corsini?

The filing shows 9,677 shares of Banc of California Common Stock were disposed of. These shares were used to satisfy the executive’s tax liability created when a prior stock-based award vested, as specifically described in the Form 4 footnote.

How many BANC (BANC) shares does Bryan Corsini hold after this Form 4?

After the reported tax-withholding disposition, Bryan M. Corsini directly holds 74,033 shares of Banc of California Common Stock. This post-transaction balance is disclosed in the Form 4 as the total shares beneficially owned following the May 9, 2026 transaction.

What is the transaction code F in the BANC (BANC) Form 4 filing?

Transaction code F indicates a tax-withholding disposition, where shares are delivered to cover tax obligations or exercise costs. Here, 9,677 shares were disposed of at $19.04 per share to pay Bryan Corsini’s tax liability from a previously granted award vesting.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/11/2026 - 04:18 PM

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^*

CORSINI BRYAN M

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF CREDIT OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/09/2026		F⁽¹⁾		9,677	D	$19.04	74,033	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.

Remarks:

	/s/ Ido Dotan, Attorney-in-Fact for Bryan M Corsini	05/11/2026
	** 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)

Source: View Original Filing on SEC EDGAR