Tax withholding trims California BanCorp (BCAL) COO share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp EVP and Chief Operating Officer Michelle Wirfel reported a tax-related share disposition. On the vesting of a previously granted award, 595 shares of common stock were delivered at $17.55 per share to satisfy her tax liability. After this non-market tax-withholding event, she directly holds 88,151.93 shares of common stock.
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 | 595 | $17.55 | $10K |
Holdings After Transaction:
Common Stock — 88,151.93 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did California BanCorp (BCAL) report for Michelle Wirfel?
California BanCorp reported that EVP and Chief Operating Officer Michelle Wirfel disposed of 595 common shares. The shares were delivered to cover taxes due on the vesting of a previously granted equity award, rather than sold on the open market.
Was the BCAL insider transaction by Michelle Wirfel an open-market sale?
No, the transaction was not an open-market sale. The 595 California BanCorp common shares were disposed of to satisfy Michelle Wirfel’s tax liability arising from the vesting of a prior stock award, as described in the Form 4 footnote.
What does transaction code "F" indicate in the BCAL Form 4 for Michelle Wirfel?
Transaction code “F” indicates shares were used to pay an exercise price or tax liability. In this case, 595 California BanCorp common shares were delivered to cover Michelle Wirfel’s tax obligations from the vesting of a prior stock-based award.