California BanCorp (BCAL) EVP logs tax share disposal and dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp EVP and Chief Credit Officer Peter Nutz reported routine share transactions in company stock. On January 16, 2026, cash dividends were reinvested into 45.08 shares of common stock at $18.89 per share, increasing his directly held stake.
On February 22, 2026, 1,215 shares of common stock were disposed of at $18.86 per share to satisfy his tax liability upon vesting of a previously granted equity award, a non‑open‑market, tax‑withholding disposition. After these transactions, he directly owned 32,523.08 shares of California BanCorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nutz Peter
Role
EVP/ Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,215 | $18.86 | $23K |
| Other | Common Stock | 45.08 | $18.89 | $851.56 |
Holdings After Transaction:
Common Stock — 32,523.08 shares (Direct)
Footnotes (1)
- Reinvestment of cash dividends on January 16, 2026. Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
FAQ
What insider transactions did California BanCorp (BCAL) report for Peter Nutz?
California BanCorp EVP Peter Nutz reported two routine transactions: a dividend reinvestment of 45.08 common shares on January 16, 2026, and a disposal of 1,215 shares on February 22, 2026 to cover tax obligations from a vesting equity award.
Was the California BanCorp (BCAL) insider transaction an open-market sale?
The February 22, 2026 transaction was not an open-market sale. 1,215 shares were disposed of to satisfy Peter Nutz’s tax liability upon vesting of a prior equity award, classified as a tax-withholding disposition under transaction code F.
How is the Form 4 tax-withholding disposition in BCAL stock described?
The Form 4 describes the February 22, 2026 event as a tax-withholding disposition. 1,215 California BanCorp common shares were delivered at $18.86 per share to cover Peter Nutz’s tax liability triggered by the vesting of a previously granted equity award.