BayCom Corp grants 75,000 performance stock units
Black William J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Black William J reported acquisition or exercise transactions in this Form 4 filing.
BayCom Corp reports that Executive Vice Chair William J. Black received a grant of 75,000 performance stock units tied to its common stock. These units are earned only if the daily volume-weighted average price reaches at least $40.26 for 20 consecutive trading days and his employment continues through July 1, 2029; earned units will be settled 50% in shares and 50% in cash. After this award, he directly holds 34,079 common shares in addition to the performance units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 75,000 shares
Grant/Award
2 txns
Insider
Black William J
Role
Executive Vice Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units F1 | 75,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Units — 75,000 contracts (Direct);
Common Stock — 34,079 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 75,000 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, 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: 75,000 units
Underlying common stock for PSUs: 75,000 shares
VWAP vesting threshold: $40.26 per share
+4 more
7 metrics
Performance stock units granted
75,000 units
Grant to Executive Vice Chair William J. Black on 2026-07-21
Underlying common stock for PSUs
75,000 shares
Common stock underlying the granted performance stock units
VWAP vesting threshold
$40.26 per share
Daily volume-weighted average price required for 20 consecutive trading days
Consecutive trading days requirement
20 days
Length of period VWAP must meet or exceed $40.26 for units to be earned
Continued employment requirement
July 1, 2029
Banked PSUs remain subject to the executive’s continued employment through this date
Common shares held after transaction
34,079 shares
Direct holdings of BayCom Corp common stock following reported transactions
Settlement mix for Banked PSUs
50% stock / 50% cash
Form of payment upon settlement of earned performance stock units
Key Terms
performance stock units, Banked PSUs, market vesting condition, volume-weighted average price
4 terms
performance stock units financial
"Represents a grant of 75,000 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.
Banked PSUs financial
"The performance stock units will be earned and become Banked PSUs upon satisfaction"
market vesting condition financial
"become Banked PSUs upon satisfaction of the market vesting condition"
volume-weighted average price financial
"the daily volume-weighted average price per share of the issuer's common stock"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BayCom Corp (BCML) grant to Executive Vice Chair William J. Black?
BayCom Corp granted William J. Black 75,000 performance stock units linked to its common stock. These units are a form of equity-based compensation that can convert into value for him only if specific market and employment vesting conditions are later satisfied.
What are the vesting conditions for BayCom Corp (BCML) 75,000 performance stock units?
The 75,000 performance stock units vest only if the daily volume-weighted average price reaches $40.26 or more for 20 consecutive trading days, subject to compensation committee certification, and if the executive remains employed with BayCom Corp through July 1, 2029.
How will BayCom Corp (BCML) settle William J. Black’s Banked PSUs once vested?
Once earned and banked, the performance stock units will be settled 50% in BayCom Corp common shares and 50% in cash. Settlement occurs after the market vesting condition is certified and the continued employment requirement through July 1, 2029 has been met.
What continued employment requirement applies to BayCom Corp (BCML) performance stock units?
Banked performance stock units remain subject to continued employment through July 1, 2029. Even after the market price condition is satisfied and certified, the executive must stay employed until that date for the award to fully vest and be settled.
What stock price level must BayCom Corp (BCML) reach for the performance units to be earned?
The performance units are earned when BayCom Corp’s daily volume-weighted average price per share equals or exceeds $40.26 for 20 consecutive trading days. This market-based vesting condition must also be certified by the company’s compensation committee before units become banked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
