BayCom grants 15,000 performance stock units
Curley Mary Therese reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Curley Mary Therese reported acquisition or exercise transactions in this Form 4 filing.
BayCom Corp executive Mary Therese Curley, EVP and Labor Services Division, received a grant of 15,000 performance stock units tied to BayCom common stock. These units vest only if the daily volume-weighted average price of the common stock reaches at least $40.26 for 20 consecutive trading days, subject to compensation committee certification. The resulting Banked PSUs also require Curley’s continued employment through July 1, 2029 and will be settled 50% in common shares and 50% in cash. Separately, she directly holds 13,688 shares of BayCom common stock after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 15,000 shares
Grant/Award
2 txns
Insider
Curley Mary Therese
Role
EVP and Labor Services Div.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units F1 | 15,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Units — 15,000 contracts (Direct);
Common Stock — 13,688 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 15,000 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: 15,000 units
VWAP vesting threshold: $40.26 per share
Required VWAP period: 20 trading days
+3 more
6 metrics
Performance stock units granted
15,000 units
Equity grant to EVP and Labor Services Division on 2026-07-21
VWAP vesting threshold
$40.26 per share
Common stock VWAP required for 20 consecutive trading days for vesting
Required VWAP period
20 trading days
Number of consecutive trading days the VWAP must meet or exceed $40.26
Employment condition date
July 1, 2029
Continued employment required for Banked PSUs to settle
Expiration of performance units
July 21, 2029
Expiration date reported for the performance units
Common shares held after transaction
13,688 shares
Direct BayCom common stock holdings after reported transactions
Key Terms
performance stock units, volume-weighted average price, Banked PSUs
3 terms
performance stock units financial
"Represents a grant of 15,000 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"
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity award did BayCom Corp (BCML) report for Mary Therese Curley?
BayCom Corp reported that EVP Mary Therese Curley received a grant of 15,000 performance stock units linked to BayCom common stock, with vesting based on a stock price hurdle and continued employment through July 1, 2029.
How many performance stock units did BCML grant to its EVP and what do they represent?
BCML granted its EVP 15,000 performance stock units, each tied to one share of BayCom common stock. Upon meeting vesting conditions, these units become Banked PSUs and are ultimately settled 50% in shares and 50% in cash.
What vesting conditions apply to BayCom Corp (BCML) 15,000 performance stock units?
The 15,000 performance stock units vest only if BayCom’s daily volume-weighted average price equals or exceeds $40.26 for 20 consecutive trading days, and this performance must be certified by the company’s compensation committee before units become Banked PSUs.
What employment condition is attached to the BCML performance stock units granted to Curley?
Even after the market vesting condition is met, the Banked PSUs remain subject to Curley’s continued employment through July 1, 2029. Only after satisfying both performance and service requirements will the performance units ultimately be settled in stock and cash.
How will the BayCom Corp (BCML) performance stock units be settled once vested?
Once vested and Banked, the performance stock units will be settled 50% in shares of BayCom common stock and 50% in cash. This structure mixes equity and cash compensation, based on satisfying the price hurdle and employment condition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
