RBB Bancorp (RBB) CFO details stock, RSU and PSU holdings in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBB Bancorp EVP/CFO Lynn M. Hopkins filed a Form 4 that updates her equity holdings, without reporting any new stock purchases or sales. She now directly holds 6,269 shares of RBB Bancorp common stock.
The filing also details outstanding stock-based awards. Hopkins holds restricted stock units and performance stock units tied to common stock, including awards covering 5,325, 4,678, 5,749 and 1,878 underlying shares for RSUs, and 7,987, 10,524 and 8,451 underlying shares for PSUs. RSUs vest on schedules running from March 20, 2027 through installments on April 22, 2027–2029, May 8, 2027–2028, and in three equal annual installments beginning one year after the May 13, 2026 grant date.
The PSUs vest only if specified performance goals and an employment condition are met, over three-year periods beginning March 20, 2024 and May 8, 2025, and for another PSU grant based on performance measured after December 31, 2028 and before March 14, 2029, with vesting upon Board of Directors certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
HOPKINS LYNN M
Role
EVP/CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock, No Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,878 shares (Direct, null);
Performance Stock Units — 8,451 shares (Direct, null);
Common Stock, No Par Value — 6,269 shares (Direct, null)
Footnotes (1)
- There will be no expiration date once restricted stock units vest. These remaining restricted stock units vest on 03/20/2027. These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition. These remaining restricted stock units vest in three equal annual installments on 04/22/2027, 04/22/2028 and 04/22/2029. These remaining restricted stock units vest in two equal annual installments on 05/08/2027 and 05/08/2028. Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition. Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals to occur after December 31, 2028, and before March 14, 2029, and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the certification by the Board of Directors subject to the Reporting Person's satisfaction of the employment condition. These restricted stock units vest in three equal annual installments beginning one year after the 05/13/2026 date of grant.
Key Figures
Direct common stock holding: 6,269 shares
RSU underlying shares: 5,325 shares
RSU underlying shares: 4,678 shares
+5 more
8 metrics
Direct common stock holding
6,269 shares
Directly held common stock following reported holdings
RSU underlying shares
5,325 shares
Restricted stock units tied to common stock
RSU underlying shares
4,678 shares
Additional restricted stock units tied to common stock
RSU underlying shares
5,749 shares
Restricted stock units vesting in two annual installments on May 8, 2027 and 2028
RSU underlying shares
1,878 shares
Restricted stock units vesting in three equal annual installments beginning one year after May 13, 2026
PSU underlying shares
7,987 shares
Performance stock units with three-year period beginning March 20, 2024
PSU underlying shares
10,524 shares
Performance stock units with three-year period beginning May 8, 2025
PSU underlying shares
8,451 shares
Performance stock units vesting upon Board certification after performance goals between Dec 31, 2028 and Mar 14, 2029
Key Terms
Restricted Stock Units, Performance Stock Units, employment condition, Board of Directors
4 terms
Restricted Stock Units financial
"There will be no expiration date once restricted stock units vest."
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 Stock Units financial
"These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition."
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.
employment condition financial
"The reported PSUs will vest at the expiration of a three-year period ... subject to the Reporting Person's satisfaction of the employment condition."
Board of Directors financial
"The reported PSUs will vest at the certification by the Board of Directors subject to the Reporting Person's satisfaction of the employment condition."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What does Lynn M. Hopkins’ latest Form 4 for RBB Bancorp (RBB) show?
The Form 4 shows CFO Lynn M. Hopkins reporting updated holdings of 6,269 RBB Bancorp common shares plus multiple restricted and performance stock unit awards. It primarily details existing equity awards and their vesting schedules rather than new stock purchases or sales.
What restricted stock unit (RSU) awards are reported for RBB CFO Lynn M. Hopkins?
The filing reports RSU awards linked to 5,325, 4,678, 5,749 and 1,878 underlying RBB Bancorp common shares. These RSUs vest on dates including March 20, 2027, in annual installments on April 22, 2027–2029, May 8, 2027–2028, and in three installments starting one year after May 13, 2026.
How do Lynn M. Hopkins’ performance stock units (PSUs) in RBB Bancorp vest?
Her PSUs, tied to 7,987, 10,524 and 8,451 underlying RBB Bancorp shares, vest only if performance goals and an employment condition are met. Two awards vest after three-year periods starting March 20, 2024 and May 8, 2025, and another vests upon Board certification after performance is measured around 2028–2029.
Are Lynn M. Hopkins’ RBB Bancorp equity awards subject to performance and employment conditions?
Yes. The performance stock units vest conditionally on achieving specified performance goals and meeting an employment condition. Vesting occurs after defined three-year performance periods or upon Board of Directors certification, meaning actual shares delivered depend on future performance outcomes and continued employment.