Banc of California (NYSE: BANC) CFO withholds 5,444 shares to cover tax bill
Rhea-AI Filing Summary
BANC OF CALIFORNIA, INC. chief financial officer Joseph Kauder reported a tax-withholding disposition of 5,444 shares of common stock on 2026-08-02 at $19.15 per share, to satisfy tax liability from a vesting equity award. After this, he holds 60,361 shares directly and 6,917 shares indirectly through a revocable trust.
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Insights
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Insider Trade Summary
Net Seller: 5,444 shares
Net Sell
2 txns
Insider
Kauder Joseph
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 5,444 | $19.15 | $104K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,361 shares (Direct);
Common Stock — 6,917 shares (Indirect, Joseph and Catherine Kauder Revocable Trust)
Footnotes (1)
- F1. Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
Key Figures
Shares disposed for tax withholding: 5,444 shares
Disposition price per share: $19.15
Direct holdings after transaction: 60,361 shares
+1 more
4 metrics
Shares disposed for tax withholding
5,444 shares
Common Stock, tax-withholding disposition on 2026-08-02
Disposition price per share
$19.15
Price per share for tax-withholding disposition
Direct holdings after transaction
60,361 shares
Common Stock directly owned after tax-withholding disposition
Indirect trust holdings
6,917 shares
Common Stock held indirectly via Joseph and Catherine Kauder Revocable Trust
Key Terms
tax-withholding disposition, Payment of tax liability by delivering or withholding securities, Revocable Trust, non-derivative
4 terms
tax-withholding disposition financial
"reported a tax-withholding disposition of 5,444 shares of common stock"
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.
Payment of tax liability by delivering or withholding securities financial
"transaction code description: Payment of tax liability by delivering or withholding securities"
Revocable Trust financial
"indirect ownership: Joseph and Catherine Kauder Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
non-derivative financial
"transaction_type listed as non-derivative for Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BANC (Banc of California) report for Joseph Kauder?
Banc of California CFO Joseph Kauder reported a tax-withholding disposition of common stock. On 2026-08-02, 5,444 shares were disposed to cover tax liability arising from a previously granted equity award that vested.
Does the BANC Form 4 indicate any indirect ownership for Joseph Kauder?
Yes. In addition to his direct holdings, Kauder has indirect ownership of 6,917 Banc of California shares. These are held through the Joseph and Catherine Kauder Revocable Trust, which is disclosed as an indirect ownership line.