Banc of California director awarded 4,780 RSUs
BANC OF CALIFORNIA, INC. director John M. Eggemeyer III received an award of 4,780 shares of Common Stock in the form of restricted stock units for his service on the Board.
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Form Type
4
Rhea-AI Filing Summary
BANC OF CALIFORNIA, INC. director John M. Eggemeyer III received an award of 4,780 shares of Common Stock in the form of restricted stock units for his service on the Board. The RSUs vest in full on the one-year anniversary of the grant, when shares will be issued.
Following this grant, he holds 193,772 shares of Common Stock directly, including 298 shares acquired through the company’s Dividend Reinvestment Plan, and 18,721 shares indirectly through an IRA account.
Insider Trade Summary
Grant/Award: 4,780 shares
Grant/Award
2 txns
Insider
EGGEMEYER JOHN M III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,780 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 193,772 shares (Direct);
Common Stock — 18,721 shares (Indirect, By IRA)
Footnotes (2)
- F1. 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.
- F2. Amount reported includes 298 shares of the Issuer's common stock acquired pursuant to Issuer's Dividend Reinvestment Plan.
Key Figures
RSU grant: 4,780 shares
Grant price: $0.00 per share
Direct holdings after grant: 193,772 shares
+2 more
5 metrics
RSU grant
4,780 shares
Restricted stock units granted to director as Board compensation
Grant price
$0.00 per share
Price per share for the RSU grant
Direct holdings after grant
193,772 shares
Common Stock directly owned following the RSU award
Indirect IRA holdings
18,721 shares
Common Stock held indirectly through an IRA
Dividend Reinvestment Plan shares
298 shares
Shares acquired via Dividend Reinvestment Plan included in direct total
Key Terms
restricted stock units ("RSUs"), Dividend Reinvestment Plan, Common Stock, grant, award, or other acquisition
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 298 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.
Common Stock financial
"Amount reported includes 298 shares of the Issuer's common stock acquired"
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.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BANC (BANC OF CALIFORNIA, INC.) report for John M. Eggemeyer III?
BANC reported that director John M. Eggemeyer III received 4,780 restricted stock units as compensation for Board service. These RSUs convert into Common Stock upon vesting, increasing his equity-based alignment with shareholders over time.
What are the terms of the 4,780 restricted stock units granted to the BANC director?
The 4,780 restricted stock units were granted as consideration for Board service and carry a zero-dollar grant price. All shares underlying the RSUs will be issued in full upon vesting on the one-year anniversary of the grant date.
Does the Banc of California Form 4 show a market purchase or sale by John M. Eggemeyer III?
The Form 4 shows an acquisition through a grant of 4,780 restricted stock units, not an open-market purchase. It also includes an indirect holding entry in an IRA and notes 298 shares acquired under the Dividend Reinvestment Plan.
What does indirect ownership by IRA mean in the BANC Form 4 for John M. Eggemeyer III?
Indirect ownership by IRA means 18,721 Banc of California shares are held in an individual retirement account associated with the director. These shares are reported as beneficially owned, but the account structure classifies them as indirect, separate from his directly held shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
