Private Bancorp of America (PBAM) grants CEO 30,000 options tied to 2028 results

Rhea-AI Filing Summary

Private Bancorp of America, Inc. reported that President and CEO Richard L. Sowers received a grant of 30,000 stock options on August 4, 2026. The options have an exercise price of $85.65 per share, expire on August 4, 2036, and, if earned, are exercisable into 30,000 shares of common stock. According to the grant terms, the options vest when the company’s 2028 audited financial statements are delivered, subject to Sowers’ continued employment and achievement of specified performance conditions as of the vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sowers Richard L.

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy) F1	30,000	$0.00	$0.00

Holdings After Transaction: Stock Option (right to buy) — 30,000 shares (Direct)

Footnotes (1)

1. F1. The stock options vest on the date the Issuer's 2028 audited financial statements are delivered to the Issuer, subject to the reporting person's continued employment with the Issuer (or any of its subsidiaries or affiliates thereof) on the vesting date and the achievement of the relevant performance conditions as of the vesting date.

Key Figures

Stock options granted: 30,000 Exercise price: $85.65 per share Expiration date: August 4, 2036 +2 more

5 metrics

Stock options granted 30,000 Number of stock options awarded to Richard L. Sowers on August 4, 2026

Exercise price $85.65 per share Exercise price of the granted stock options

Expiration date August 4, 2036 Expiration date of the stock options granted to Richard L. Sowers

Underlying shares 30,000 Number of common shares underlying the stock option grant

Options after transaction 30,000 Total options from this grant held directly following the transaction

Key Terms

Stock Option, exercise price, vesting, audited financial statements, +1 more

5 terms

Stock Option financial

"The stock options vest on the date the Issuer's 2028 audited financial"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

exercise price financial

"conversion_or_exercise_price: "85.6500""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"The stock options vest on the date the Issuer's 2028 audited"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

audited financial statements financial

"on the date the Issuer's 2028 audited financial statements are delivered"

Audited financial statements are a company's financial reports—like its income, expenses, assets and debts—that have been examined and verified by an independent accountant to confirm they are accurate and complete. For investors, an audit is like having a trusted mechanic inspect a used car: it increases confidence that the financial picture is reliable, reduces the risk of hidden problems, and supports better decisions about valuing or trusting the company.

performance conditions financial

"and the achievement of the relevant performance conditions as of the vesting"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/08/2026 - 02:11 PM Accepted by SEC EDGAR 08/06/2026 - 06:10 PM Learn about SEC filing dates

FAQ

What insider transaction did PBAM CEO Richard L. Sowers report?

Richard L. Sowers reported a grant of 30,000 stock options in Private Bancorp of America, Inc. on August 4, 2026. These options are exercisable into 30,000 shares of common stock at a set exercise price if vesting conditions are met.

What is the exercise price and term of the new PBAM stock options?

The granted stock options carry an exercise price of $85.65 per share and an expiration date of August 4, 2036. If vested and exercised, they allow purchase of common stock at that fixed price until expiration.

When do Richard L. Sowers’ 30,000 PBAM stock options vest?

The 30,000 options vest when Private Bancorp of America’s 2028 audited financial statements are delivered to the company. Vesting is also conditioned on Sowers’ continued employment and achievement of specified performance conditions as of that vesting date.

How many PBAM shares underlie Richard L. Sowers’ new stock option grant?

The stock option grant covers 30,000 underlying shares of Private Bancorp of America common stock. Following this award, his reported derivative holdings from this grant total 30,000 options, all subject to vesting and performance conditions before exercise.

Was the PBAM CEO’s Form 4 transaction under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox is not marked, meaning this reported option grant was not affirmed as made pursuant to a Rule 10b5-1 trading plan. It is presented as a compensation-related award, not an automatic trading plan transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sowers Richard L.

(Last) (First) (Middle)

9404 GENESEE AVE.

SUITE 100

(Street)

LA JOLLA CALIFORNIA 92037

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Private Bancorp of America, Inc. [ PBAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$85.65	08/04/2026		A	V	30,000		(1)	08/04/2036	Common Stock	30,000	$0	30,000	D

Explanation of Responses:

1. The stock options vest on the date the Issuer's 2028 audited financial statements are delivered to the Issuer, subject to the reporting person's continued employment with the Issuer (or any of its subsidiaries or affiliates thereof) on the vesting date and the achievement of the relevant performance conditions as of the vesting date.

	/s/ Richard L. Sowers	08/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)