Banc of California (BANC) awards 15,583 RSUs to Chief Credit Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Banc of California, Inc. reported that Chief Credit Officer Bryan M. Corsini acquired 15,583 shares in the form of a grant or award of restricted stock units. These units carry no purchase price and will convert into common shares as they vest.
The restricted stock units are scheduled to vest annually in substantially equal installments over a three-year period beginning on February 28, 2027. After this award, Corsini’s direct ownership is 100,472 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CORSINI BRYAN M
Role
CHIEF CREDIT OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,583 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 100,472 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BANC report for Bryan M. Corsini?
Banc of California reported that Chief Credit Officer Bryan M. Corsini received a grant of 15,583 restricted stock units. These units represent an equity award rather than an open-market purchase and will convert into common shares only as they vest over time.
When do Bryan M. Corsini’s new BANC restricted stock units start vesting?
The restricted stock units begin vesting on February 28, 2027. They will vest annually in substantially equal installments over a three-year period, meaning shares are delivered incrementally rather than all at once, aligning Corsini’s compensation with multi-year service and performance horizons.
Is the BANC Form 4 transaction a market purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. It is coded as a grant, award, or other acquisition at a price of $0.0000 per share, indicating restricted stock units issued as part of Corsini’s compensation rather than shares bought in the open market.
How long will it take for all of Bryan M. Corsini’s new BANC RSUs to vest?
All 15,583 restricted stock units are scheduled to vest over three years. Vesting occurs annually, in substantially equal installments, beginning on February 28, 2027, so the full award becomes share-delivering compensation only after completion of this three-year vesting period.