Banc of California (NYSE: BANC) officer sells 10,399 shares
Rhea-AI Filing Summary
BANC OF CALIFORNIA, INC. Chief Credit Officer Bryan M. Corsini reported an open-market sale of Common Stock. He sold 10,399 shares at a price of $18.52 per share. After this transaction, he directly owns 83,710 Common Stock shares, indicating he retained a substantial position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,399 shares
Net Sell
1 txn
Insider
CORSINI BRYAN M
Role
CHIEF CREDIT OFFICER
Sold
10,399 shs ($193K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,399 | $18.52 | $193K |
Holdings After Transaction:
Common Stock — 83,710 shares (Direct)
Key Figures
Shares sold: 10,399 shares
Sale price: $18.52 per share
Shares owned after transaction: 83,710 shares
3 metrics
Shares sold
10,399 shares
Open-market sale of Common Stock
Sale price
$18.52 per share
Price for Common Stock sale
Shares owned after transaction
83,710 shares
Direct Common Stock holdings post-sale
Key Terms
open-market sale, Common Stock, Form 4, direct ownership
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
direct ownership financial
"ownership_type: direct"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BANC (BANC) report in this Form 4?
BANC disclosed that Chief Credit Officer Bryan M. Corsini completed an open-market sale of Common Stock. He sold 10,399 shares and continues to hold 83,710 shares directly, showing this was a partial reduction rather than a full exit from his position.
Was the BANC (BANC) insider transaction a buy or a sell?
The Form 4 shows a sell transaction by Bryan M. Corsini. It is coded as an open-market sale of 10,399 Common Stock shares at $18.52 per share, indicating a disposition of shares rather than an acquisition or option exercise event.
What role does the insider hold at BANC (BANC) involved in this Form 4?
The reporting person, Bryan M. Corsini, serves as Chief Credit Officer of Banc of California. His role is disclosed alongside the transaction, helping investors understand the seniority and responsibilities of the insider executing this open-market sale of shares.