California BanCorp (BCAL) CFO awarded RSUs, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp EVP and CFO Thomas G. Dolan reported equity compensation and related tax withholding transactions. He received two restricted stock unit grants covering 19,619 and 15,941 shares of common stock, which vest between March 2027 and March 2029. Separately, 3,002 and 336 shares were withheld at $18.31 per share to satisfy taxes on a previously vested award.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Dolan Thomas G.
Role
EVP / Bancorp CFO/ CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,619 | $0.00 | -- |
| Grant/Award | Common Stock | 15,941 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,002 | $18.31 | $55K |
| Tax Withholding | Common Stock | 336 | $18.31 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 46,582 shares (Direct);
Common Stock — 260,159 shares (Indirect, THOMAS G DOLAN LIVING TRUST DATED 8/9/2016)
Footnotes (1)
- Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award. Represents restricted stock units granted to the Reporting Person on March 2, 2026, which will be issued upon vesting in substantially equal installments on March 1, 2028 and March 1, 2029. Represents restricted stock units granted to the Reporting Person on March 2, 2026, which will be issued upon vesting and will vest annually, in substantially equal installments, over a two-year period beginning on March 1, 2027.
FAQ
What insider transactions did BCAL executive Thomas G. Dolan report on this Form 4?
Thomas G. Dolan reported equity awards and tax-related share dispositions. He received two restricted stock unit grants and had shares withheld to cover taxes on a prior award, all involving California BanCorp common stock, rather than open-market purchases or sales.
How many restricted stock units were granted to BCAL CFO Thomas G. Dolan?
Dolan was granted 19,619 and 15,941 restricted stock units. These units represent rights to receive California BanCorp common shares in the future, subject to vesting conditions and schedules described in the Form 4 footnotes, rather than immediate issuances of freely tradable shares.
What is the vesting schedule for Thomas G. Dolan’s new BCAL restricted stock units?
One grant will be issued upon vesting in substantially equal installments on March 1, 2028 and March 1, 2029. The other will vest annually in substantially equal installments over two years beginning March 1, 2027, according to the Form 4 footnotes.
Were Thomas G. Dolan’s BCAL transactions open-market buys or sells?
No, the reported acquisitions are equity grants classified as awards, and the dispositions are tagged as tax-withholding to cover liabilities on a vesting award. The Form 4 does not show any open-market purchases or open-market sales of California BanCorp shares by Dolan.