California BanCorp director granted 1,040 RSUs
Cullen Kevin J. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Cullen Kevin J. reported acquisition or exercise transactions in this Form 4 filing.
California BanCorp director Kevin J. Cullen received a grant of 1,040 restricted stock units (RSUs) of Common Stock as compensation for serving on the company’s Board of Directors. The RSUs were awarded at no cash cost and will vest in full on May 21, 2026, at which time shares will be issued.
After this grant, Cullen holds 13,483.41 shares directly, and also has additional indirect holdings through a trust, an IRA, and a 401K, reflecting a meaningful ongoing equity stake aligned with shareholders.
Insider Trade Summary
Grant/Award: 1,040 shares
Grant/Award
4 txns
Insider
Cullen Kevin J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,040 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,483.41 shares (Direct);
Common Stock — 9,600 shares (Indirect, By 401K);
Common Stock — 6,426 shares (Indirect, By IRA);
Common Stock — 62,881 shares (Indirect, Kevin John Cullen Trust)
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 size: 1,040 RSUs
RSU vesting date: May 21, 2026
Direct shares after grant: 13,483.41 shares
+3 more
6 metrics
RSU grant size
1,040 RSUs
Grant to director Kevin J. Cullen for board service
RSU vesting date
May 21, 2026
Date when RSUs vest and shares are issued
Direct shares after grant
13,483.41 shares
Cullen’s direct California BanCorp holdings post-transaction
Trust indirect holdings
62,881 shares
Held via Kevin John Cullen Trust
IRA indirect holdings
6,426 shares
Held via IRA
401K indirect holdings
9,600 shares
Held via 401K
Key Terms
restricted stock units, RSUs, Board of Directors, IRA, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
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.
IRA financial
"nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
401K financial
"nature_of_ownership": "By 401K""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did California BanCorp (BCAL) report for Kevin J. Cullen?
California BanCorp reported that director Kevin J. Cullen received 1,040 restricted stock units as compensation. These RSUs are a stock-based award, not a cash transaction, and increase his direct equity exposure once they vest and convert into shares.
How many RSUs did Kevin J. Cullen receive from California BanCorp (BCAL) and when do they vest?
Kevin J. Cullen received 1,040 restricted stock units that vest in full on May 21, 2026. When vesting occurs, the company will issue common shares for all RSUs, further aligning his interests with long-term shareholder value.
What indirect California BanCorp (BCAL) holdings are associated with Kevin J. Cullen?
Indirect holdings include 62,881 shares through the Kevin John Cullen Trust, 6,426 shares via an IRA, and 9,600 shares in a 401K. These positions are reported as indirect ownership, broadening his overall economic exposure to California BanCorp.
Is Kevin J. Cullen’s RSU award from California BanCorp (BCAL) an open-market purchase or sale?
The RSU award is not an open-market trade; it is a grant of 1,040 restricted stock units for board service at a stated price of zero. Such equity grants are a standard element of director compensation rather than discretionary buying or selling.
What does the RSU footnote in Kevin J. Cullen’s California BanCorp (BCAL) Form 4 explain?
The footnote explains that the reported RSUs were issued as consideration for service on California BanCorp’s Board of Directors. It also clarifies that all related shares will be issued when the RSUs vest on May 21, 2026, subject to continued service conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
