BayCom grants 25,000 performance units to CFO
Thompson Kevin L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Thompson Kevin L reported acquisition or exercise transactions in this Form 4 filing.
BayCom Corp granted EVP, Chief Financial Officer Kevin L. Thompson 25,000 performance stock units on July 21, 2026. The units become Banked PSUs if the common stock’s daily volume-weighted average price reaches at least $40.26 for 20 consecutive trading days and he remains employed through July 1, 2029. Upon settlement, they are paid 50% in common stock and 50% in cash. Following these awards, Thompson directly holds 532 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 25,000 shares
Grant/Award
2 txns
Insider
Thompson Kevin L
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units F1 | 25,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Units — 25,000 contracts (Direct);
Common Stock — 532 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 25,000 performance stock units. The performance stock units will be earned and become "Banked PSUs" upon satisfaction of the market vesting condition, which occurs on the date on which the daily volume-weighted average price per share of the issuer's common stock equals or exceeds $40.26 for twenty (20) consecutive trading days, subject to certification by the issuer's compensation committee. The Banked PSUs remain subject to the executive's continued employment through July 1, 2029, subject to accelerated vesting in certain circumstances, and, upon settlement, will be paid 50% in shares of the issuer's common stock and 50% in cash.
Key Figures
Performance stock units granted: 25,000 units
VWAP vesting hurdle: $40.26 per share
VWAP measurement period: 20 trading days
+3 more
6 metrics
Performance stock units granted
25,000 units
Grant to EVP, Chief Financial Officer on 2026-07-21
VWAP vesting hurdle
$40.26 per share
Daily volume-weighted average price required for market vesting condition
VWAP measurement period
20 trading days
Consecutive trading days the VWAP must meet or exceed $40.26
Employment vesting date
July 1, 2029
Continued employment required for Banked PSUs, subject to accelerated vesting
Common shares following transaction
532 shares
Directly held BayCom common stock after reported transactions
PSU expiration date
July 21, 2029
Expiration date reported for the performance units
Key Terms
performance stock units, volume-weighted average price, Banked PSUs, accelerated vesting
4 terms
performance stock units financial
"Represents a grant of 25,000 performance stock units."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
volume-weighted average price financial
"the daily volume-weighted average price per share of the issuer's common stock equals or exceeds $40.26"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Banked PSUs financial
"will be earned and become "Banked PSUs" upon satisfaction of the market vesting condition"
accelerated vesting financial
"The Banked PSUs remain subject to the executive's continued employment through July 1, 2029, subject to accelerated vesting in certain circumstances"
A contract feature that makes stock awards, options, or restricted shares become owned or exercisable earlier than the original schedule. It shortens or cancels the waiting period so recipients can sell, transfer, or exercise their equity sooner — think of a timed lock that is unlocked ahead of schedule. It matters to investors because it changes when shares enter the market, who controls them, and how much dilution or ownership concentration happens.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BayCom Corp (BCML) report for CFO Kevin L. Thompson?
BayCom reported a grant of 25,000 performance stock units to EVP, Chief Financial Officer Kevin L. Thompson on July 21, 2026. These units are a stock-based incentive award, not an open-market share purchase or sale.
What are the vesting conditions for the 25,000 performance stock units at BayCom Corp (BCML)?
The 25,000 performance stock units vest only if BayCom’s daily volume-weighted average price reaches at least $40.26 for 20 consecutive trading days, and the compensation committee certifies that this market vesting condition has been met.
What employment requirement applies to the BayCom (BCML) CFO’s performance stock units?
Even after the market condition is met, the Banked PSUs remain subject to the executive’s continued employment through July 1, 2029, with vesting subject to accelerated vesting in certain circumstances detailed in the award terms.
How will the BayCom (BCML) performance stock units be settled for the CFO?
Upon settlement, the Banked PSUs will be paid 50% in shares of BayCom common stock and 50% in cash. This structure combines equity ownership with a cash component when the award ultimately settles.
When do the BayCom (BCML) performance stock units for the CFO expire?
The performance units carry an expiration date of July 21, 2029. They must meet the specified market and employment conditions before that date to result in Banked PSUs that can then be settled in stock and cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.