California BanCorp (BCAL) director granted 1,040 RSUs for board service
Rhea-AI Filing Summary
Armanino Andrew J. reported acquisition or exercise transactions in this Form 4 filing.
California BanCorp director Andrew J. Armanino reported an equity award of 1,040 restricted stock units (RSUs) of Common Stock. The RSUs were granted as consideration for his service on the Board of Directors at a stated price of $0.00 per share.
According to the footnote, all shares underlying these RSUs will be issued in full upon vesting, which is scheduled to occur on May 21, 2026. Following this grant, Armanino holds 13,483.410 shares directly and 212,578 shares indirectly through a trust titled "Andrew J Armanino & Denise M Armanino TR UA 6/2/1999."
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,040 shares
Net Buy
2 txns
Insider
Armanino Andrew J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,040 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,483.41 shares (Direct);
Common Stock — 212,578 shares (Indirect, Andrew J Armanino & Denise M Armanino TR UA 6/2/1999)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on May 21, 2026.
Key Figures
RSU grant: 1,040 RSUs
Grant price: $0.00 per share
RSU vesting date: May 21, 2026
+2 more
5 metrics
RSU grant
1,040 RSUs
Restricted stock units granted for board service
Grant price
$0.00 per share
Stated price for RSU award
RSU vesting date
May 21, 2026
Date when RSUs vest and shares are issued
Direct holdings after grant
13,483.410 shares
Common Stock directly owned after reported transactions
Indirect trust holdings
212,578 shares
Common Stock held indirectly via Armanino family trust
Key Terms
restricted stock units ("RSUs"), Grant, award, or other acquisition, Common Stock, Board of Directors
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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.
Board of Directors financial
"as consideration for service on the Issuer's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Andrew J. Armanino report in the latest California BanCorp (BCAL) Form 4?
He reported receiving an equity award of 1,040 restricted stock units of Common Stock. The award compensates him for service on California BanCorp’s Board of Directors, with the underlying shares to be delivered after the RSUs fully vest on May 21, 2026.
How many restricted stock units did BCAL director Andrew Armanino receive?
He received 1,040 restricted stock units of California BanCorp Common Stock. These RSUs were granted at a stated price of $0.00 per share as a non-cash award for board service, with shares scheduled to be issued upon vesting in May 2026.
When do Andrew Armanino’s 1,040 BCAL restricted stock units vest?
The 1,040 restricted stock units are scheduled to vest on May 21, 2026. Upon that vesting date, the underlying California BanCorp shares will be issued in full to him as part of his compensation for serving on the company’s Board of Directors.
Was cash involved in Andrew Armanino’s latest BCAL equity award?
No cash purchase was reported; the 1,040 restricted stock units were granted at a price of $0.00 per share. The Form 4 describes them as RSUs issued as consideration for his service on California BanCorp’s Board of Directors, with shares delivered upon vesting.