Banc of California (NYSE: BANC) director receives 4,780 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BANC OF CALIFORNIA, INC. director James Andrew Barker reported an equity award rather than an open-market trade. On the reported date, he received 4,780 restricted stock units (RSUs) of common stock as consideration for his service on the Board of Directors, with shares to be issued in full on the one-year anniversary of the grant date upon vesting.
Following this award, Barker holds 48,907 shares of common stock directly, and 169,680 shares indirectly through the James A. Barker Living Trust. The direct amount includes 875 shares acquired through the company’s Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barker James Andrew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,780 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 48,907 shares (Direct, null);
Common Stock — 169,680 shares (Indirect, By the James A. Barker Living Trust)
Footnotes (1)
- Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date. Amount reported includes 875 shares of the Issuer's common stock acquired pursuant to Issuer's Dividend Reinvestment Plan.
Key Figures
RSUs granted: 4,780 units
Grant price per RSU: $0.00 per unit
Direct common shares after grant: 48,907 shares
+2 more
5 metrics
RSUs granted
4,780 units
Restricted stock units issued as Board compensation on grant date
Grant price per RSU
$0.00 per unit
Stated transaction price for the RSU award
Direct common shares after grant
48,907 shares
Total direct holdings of Banc of California common stock after transaction
Indirect common shares via trust
169,680 shares
Indirect holdings through the James A. Barker Living Trust
Dividend Reinvestment Plan shares
875 shares
Direct holdings component acquired under Dividend Reinvestment Plan
Key Terms
restricted stock units ("RSUs"), Dividend Reinvestment Plan, Board of Directors, Living Trust
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Dividend Reinvestment Plan financial
"includes 875 shares of the Issuer's common stock acquired pursuant to Issuer's Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Board of Directors financial
"RSUs issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Living Trust financial
"By the James A. Barker Living Trust"
FAQ
What did BANC director James Andrew Barker report in his latest Form 4 for BANC?
James Andrew Barker reported receiving 4,780 restricted stock units of Banc of California common stock as compensation for his Board service. These RSUs vest on the one-year anniversary of the grant date, when shares will be issued in full if vesting conditions are satisfied.
Was James Andrew Barker’s Banc of California Form 4 a stock purchase or a grant?
The Form 4 shows an equity grant, not an open-market purchase. Barker received 4,780 restricted stock units at a stated price of $0.00 per share as compensation for serving on Banc of California’s Board of Directors, with future share issuance upon vesting.
When will James Andrew Barker’s Banc of California RSUs reported on Form 4 vest?
The restricted stock units granted to James Andrew Barker are scheduled to vest on the one-year anniversary of the grant date. Once vested, Banc of California will issue the underlying common shares in full, according to the footnote disclosure in the filing.