RBB (RBB) EVP exercises 744 RSUs and withholds 307 shares for taxes
Rhea-AI Filing Summary
RBB Bancorp EVP Tsu Te Huang reported several equity compensation transactions. On February 20, 2026, 744 Restricted Stock Units were exercised and converted into 744 shares of common stock at a transaction price of $22.20 per share.
Of these shares, 307 shares of common stock were disposed of to cover tax obligations through a tax-withholding disposition, leaving a net increase in directly held common stock. Following these transactions, Huang directly owned 15,728 shares of common stock and 2,681 RSUs.
Footnotes state that certain RSU awards vest in three or four equal annual installments starting one year after their grant dates and that vested RSUs have no expiration date. A prior Form 4 was corrected to fix an administrative error and to clarify that RSU grants will be settled in common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 744 | $0.00 | -- |
| Exercise | Common Stock, No Par Value | 744 | $22.20 | $17K |
| Tax Withholding | Common Stock, No Par Value | 307 | $22.20 | $7K |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- There will be no expiration date once restricted stock units vest. These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant. These restricted stock units vest in four equal annual installments beginning one year after the 05/08/2025 date of grant. On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs will be settled in common stock.
