California BanCorp (BCAL) EVP logs small tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp (BCAL) executive Peter Nutz reported a small share disposition related to taxes, not an open-market trade. On the vesting of a previously granted equity award, 143 shares of common stock were delivered at $18.76 per share to satisfy his tax liability. Following this tax-withholding transaction, he directly holds 41,976.08 shares of California BanCorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nutz Peter
Role
EVP/ Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 143 | $18.76 | $3K |
Holdings After Transaction:
Common Stock — 41,976.08 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares: 143 shares
Price per share: $18.76 per share
Post-transaction holdings: 41,976.08 shares
3 metrics
Tax-withholding shares
143 shares
Shares delivered to satisfy tax liability on vested award
Price per share
$18.76 per share
Value used for the 143-share tax-withholding disposition
Post-transaction holdings
41,976.08 shares
Direct BCAL common stock held after the transaction
Key Terms
tax-withholding disposition, Common Stock, Reporting Person's tax liability, vesting of a previously granted award
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" on 143 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock" reported in the transaction"
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.
Reporting Person's tax liability financial
"Shares disposed to satisfy the Reporting Person's tax liability"
vesting of a previously granted award financial
"by the vesting of a previously granted award"
FAQ
What insider transaction did BCAL executive Peter Nutz report on this Form 4?
Executive Peter Nutz reported a tax-related disposition of 143 California BanCorp (BCAL) common shares. The shares were delivered to cover taxes triggered by the vesting of a previously granted equity award, rather than being sold on the open market.
What does transaction code F mean in the BCAL Form 4 filing?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this case, 143 BCAL shares were disposed of to cover the reporting person’s tax liability arising from a previously granted equity award that vested.
What role does the reporting person hold at California BanCorp (BCAL)?
The reporting person, Peter Nutz, serves as Executive Vice President and Chief Credit Officer of California BanCorp. His Form 4 filing reflects a routine tax-withholding share disposition connected to the vesting of a prior equity award.