Private Bancorp EVP & CFO equity holdings detailed
Private Bancorp of America, Inc. reported the initial equity holdings of EVP and CFO Stewart C. D. in a Form 3.
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Form Type
3
Rhea-AI Filing Summary
Private Bancorp of America, Inc. reported the initial equity holdings of EVP and CFO Stewart C. D. in a Form 3. He directly holds 8,868 shares of common stock, including 2,250 unvested restricted shares that may vest on January 20, 2027, subject to performance conditions and continued employment. He also holds performance-based Restricted Stock Units tied to common stock: up to 2,500 units potentially vesting on December 31, 2026, up to 3,000 units potentially vesting on December 31, 2027, and a targeted 2,892 units that may vest on December 31, 2028, with an actual payout range of 0% to 125% of the target, all subject to performance targets and forfeiture conditions.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
STEWART CORY D
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F2 | -- | -- | -- |
| holding | Restricted Stock Units F3 | -- | -- | -- |
| holding | Restricted Stock Units F4 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,392 contracts (Direct);
Common Stock — 8,868 shares (Direct)
Footnotes (4)
- F1. Includes 2,250 shares of unvested restricted stock that may vest, if at all, on January 20, 2027, upon confirmation of the achievement of the performance conditions and the reporting person's continued employment with the Issuer on the vesting date, subject to forfeiture upon the occurrence of certain events specified in award agreement.
- F2. Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the maximum number of Restricted Stock Units that may vest, if at all, on December 31, 2026, upon confirmation of the achievement of the relevant performance targets (for the portion of the award still subject to performance vesting) and the reporting person's continued employment with the Issuer on the vesting date, subject to forfeiture upon the occurrence of certain events specified in award agreement.
- F3. Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the maximum number of Restricted Stock Units that may vest, if at all, on December 31, 2027, upon confirmation of the achievement of the relevant performance targets (for the portion of the award still subject to performance vesting) and the reporting person's continued employment with the Issuer on the vesting date, subject to forfeiture upon the occurrence of certain events specified in award agreement.
- F4. Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the targeted number of Restricted Stock Units that may vest, if at all, on December 31, 2028, upon confirmation of the achievement of the relevant performance targets (for the portion of the award still subject to performance vesting) and the reporting person's continued employment with the Issuer on the vesting date, subject to forfeiture upon the occurrence of certain events specified in the award agreement. Depending on actual performance achieved, the reporting person may receive between 0% and 125% of the targeted amount.
Key Figures
Common stock held: 8,868 shares
Unvested restricted stock: 2,250 shares
RSUs tied to 2026 performance: 2,500 units
+3 more
6 metrics
Common stock held
8,868 shares
Direct common stock holdings including unvested restricted shares as of July 29, 2026
Unvested restricted stock
2,250 shares
Unvested restricted shares that may vest on January 20, 2027, subject to conditions
RSUs tied to 2026 performance
2,500 units
Maximum RSUs that may vest on December 31, 2026, subject to performance and employment
RSUs tied to 2027 performance
3,000 units
Maximum RSUs that may vest on December 31, 2027, subject to performance and employment
Target RSUs tied to 2028
2,892 units
Target RSUs that may vest on December 31, 2028, with payout from 0% to 125%
2028 RSU payout range
0% to 125%
Range of potential payout versus target units based on actual performance
Key Terms
Restricted Stock Units, performance conditions, vesting date, forfeiture
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive one share of common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance conditions financial
"may vest, if at all, upon confirmation of the achievement of the performance conditions"
vesting date financial
"continued employment with the Issuer on the vesting date, subject to forfeiture"
forfeiture financial
"subject to forfeiture upon the occurrence of certain events specified in award agreement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 for PBAM disclose about EVP and CFO Stewart C. D.'s holdings?
The Form 3 shows that the EVP and CFO directly holds 8,868 common shares and several tranches of performance-based RSUs scheduled to potentially vest between 2026 and 2028, all subject to performance and employment conditions.
What performance-based RSUs are reported for the PBAM EVP and CFO?
The filing lists RSUs linked to common stock: up to 2,500 units tied to December 31, 2026, up to 3,000 units tied to December 31, 2027, and 2,892 targeted units tied to December 31, 2028, all subject to performance targets and continued employment.
Are the PBAM EVP and CFO’s RSUs guaranteed to vest?
No. The RSUs may vest, if at all, only after performance targets are confirmed and the executive remains employed through each vesting date, with all awards subject to forfeiture under the award agreements.
What is the potential payout range for the PBAM RSUs vesting in 2028?
For the RSUs tied to December 31, 2028, the filing states the executive may receive between 0% and 125% of the 2,892 targeted units, depending on actual performance achieved and satisfaction of vesting conditions.
Does this PBAM Form 3 report any recent insider purchases or sales?
No. The Form 3 describes holdings of common stock and RSUs by the EVP and CFO. The structured data show no buy or sell transactions; it is an initial ownership report rather than a trading disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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