California BanCorp (BCAL) COO has 93 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp EVP and COO Michelle Wirfel reported a small, routine tax-related share disposition. On the vesting of a previously granted equity award, 93 shares of Common Stock were withheld at $17.32 per share to cover her tax liability. After this transaction, she directly holds 88,746.93 shares of California BanCorp common stock. This was a compensation-related tax withholding, not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wirfel Michelle
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 93 | $17.32 | $2K |
Holdings After Transaction:
Common Stock — 88,746.93 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did California BanCorp (BCAL) report for Michelle Wirfel?
California BanCorp reported that EVP and COO Michelle Wirfel had 93 common shares withheld to cover taxes on a vested equity award. This was a routine, compensation-related tax-withholding event rather than an open-market sale of shares.
Was Michelle Wirfel’s California BanCorp (BCAL) transaction an open-market sale?
No, the transaction was not an open-market sale. The 93 shares were disposed of specifically to satisfy Michelle Wirfel’s tax liability triggered by the vesting of a previous equity award, making it a routine tax-withholding event.
What does transaction code F mean in the California BanCorp (BCAL) Form 4?
Transaction code F in this Form 4 indicates shares were used to pay an exercise price or tax liability. Here, 93 California BanCorp shares were withheld to cover Michelle Wirfel’s tax obligations upon vesting of a previously granted equity award.