BayCom Corp (BCML) CEO gets 52,500 performance stock units tied to $40.26
Rhea-AI Filing Summary
Baron Christopher F reported acquisition or exercise transactions in this Form 4 filing.
BayCom Corp President and CEO Christopher F. Baron received a grant of 52,500 performance stock units on July 21, 2026. These units vest only if the common stock’s daily volume‑weighted average price reaches $40.26 for 20 consecutive trading days and he remains employed through July 1, 2029; settlement is 50% in stock and 50% in cash. After the award, he directly holds 997 common shares.
Positive
- None.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Baron Christopher F
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units F1 | 52,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Units — 52,500 shares (Direct);
Common Stock — 997 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 52,500 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: 52,500 units
Market vesting price condition: $40.26 per share
Service condition date: July 1, 2029
+3 more
6 metrics
Performance stock units granted
52,500 units
Grant to President and CEO on July 21, 2026
Market vesting price condition
$40.26 per share
Daily volume-weighted average price required for vesting over 20 consecutive trading days
Service condition date
July 1, 2029
Executive must remain employed through this date for Banked PSUs
Award expiration date
July 21, 2029
Expiration date for the reported performance units
Settlement mix
50% stock / 50% cash
Form of payment upon settlement of Banked PSUs
Common stock holdings
997 shares
Direct BayCom common stock ownership following the reported transactions
Key Terms
performance stock units, volume-weighted average price, Banked PSUs, continued employment
4 terms
performance stock units financial
"Represents a grant of 52,500 performance stock units. The performance stock"
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
"date on which the daily volume-weighted average price per share of the issuer"
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"
continued employment financial
"remain subject to the executive's continued employment through July 1, 2029"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did BayCom Corp (BCML) CEO Christopher F. Baron receive?
Christopher F. Baron received 52,500 performance stock units on July 21, 2026. These units are tied to both a $40.26 stock price hurdle and multi‑year service conditions, with settlement half in common shares and half in cash once earned.
What performance condition applies to the new BCML performance stock units?
The units vest only if BayCom’s daily volume‑weighted average share price reaches $40.26 for 20 consecutive trading days. This market‑based vesting condition must also be certified by the company’s compensation committee before the units become Banked PSUs.
How long must the BayCom Corp (BCML) CEO remain employed for the award?
Banked PSUs remain subject to the executive’s continued employment through July 1, 2029. Even if the stock‑price condition is met, the CEO must stay employed until this date for the performance stock units to be eligible for settlement.
How will the BayCom Corp (BCML) performance stock units be settled once vested?
Upon settlement, the earned Banked PSUs will be paid 50% in BayCom common stock and 50% in cash. This structure provides a mix of equity exposure and immediate liquidity once the market and service conditions are fully satisfied.