Banc of California director granted 4,780 RSUs
BANC OF CALIFORNIA, INC. director Paul Robert Burke reported an equity award and updated his holdings.
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Form Type
4
Rhea-AI Filing Summary
BANC OF CALIFORNIA, INC. director Paul Robert Burke reported an equity award and updated his holdings. He received 4,780 shares of common stock in the form of restricted stock units as consideration for serving on the board, at a stated price of $0.00 per share.
The RSUs are scheduled to vest in full on the one-year anniversary of the grant date, after which shares will be issued. Following this grant, he holds 64,507 shares of common stock directly, which include 226 shares acquired through the issuer's Dividend Reinvestment Plan, plus additional indirect holdings through an IRA and a trust.
Insider Trade Summary
Grant/Award: 4,780 shares
Grant/Award
4 txns
Insider
Burke Paul Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,780 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depository Shares of Series F Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,507 shares (Direct);
Common Stock — 656 shares (Indirect, By IRA);
Common Stock — 985 shares (Indirect, By MSB Trust);
Depository Shares of Series F Preferred Stock — 1,000 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 226 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 common shares after grant: 64,507 shares
+4 more
7 metrics
RSU grant
4,780 shares
Restricted stock units granted for board service on transaction date
Grant price
$0.00 per share
Stated price for the 4,780 restricted stock units of common stock
Direct common shares after grant
64,507 shares
Total direct Banc of California common stock holdings following transaction
Dividend Reinvestment Plan shares
226 shares
Common shares acquired under the Dividend Reinvestment Plan included in direct total
Depository Shares Series F Preferred
1,000 shares
Indirectly held through an IRA as of the reported date
Indirect common by MSB Trust
985 shares
Common stock held indirectly via MSB Trust
Indirect common by IRA
656 shares
Common stock held indirectly through an IRA
Key Terms
restricted stock units ("RSUs"), Dividend Reinvestment Plan, Depository Shares of Series F Preferred Stock, IRA, +1 more
5 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 226 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.
IRA financial
"direct_or_indirect": "I", "nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
trust financial
""nature_of_ownership": "By MSB Trust""
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Paul Robert Burke report for BANC?
Paul Robert Burke reported receiving 4,780 restricted stock units of Banc of California common stock as compensation for his board service. The award was recorded at a price of $0.00 per share, reflecting a grant rather than an open-market purchase or sale.
When do the newly granted Banc of California RSUs vest for Paul Robert Burke?
The 4,780 restricted stock units granted to Paul Robert Burke are scheduled to vest in full on the one-year anniversary of the grant date. Once vested, the RSUs will settle in shares of Banc of California common stock issued to him at that time.
Are the reported Banc of California RSUs an open-market purchase or compensation?
The 4,780 Banc of California restricted stock units are compensation, not an open-market purchase. The filing states they were issued as consideration for Burke’s service on the Board of Directors and carry a $0.00 per share grant price, typical for equity awards.
What indirect Banc of California holdings does Paul Robert Burke report?
Paul Robert Burke reports indirect holdings of Banc of California securities through an IRA and the MSB Trust. These include 1,000 depository shares of Series F preferred stock, 985 common shares held by MSB Trust, and 656 common shares held by an IRA.
AI-generated analysis. How Rhea-AI works. Not financial advice.
