RBB Bancorp (RBB) CEO details RSU and PSU equity holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBB Bancorp President and CEO Johnny C. Lee filed a Form 4 updating his equity holdings, with no reported open-market purchases or sales. He directly holds 14,669 shares of common stock and multiple grants of restricted stock units (RSUs) and performance stock units (PSUs).
One RSU grant is tied to 9,789 underlying common shares and another to 8,712 shares, with remaining RSUs scheduled to vest on 07/20/2026, 02/21/2027, 03/20/2027, and in two equal installments on 05/08/2027 and 05/08/2028. PSU awards linked to 14,683, 19,602 and 12,332 underlying shares vest over three-year periods beginning on 03/20/2024, 05/08/2025 and 05/13/2026, subject to performance goals and an employment condition. Certain PSUs can vest at up to 150% of their target level, with the amounts reported representing the maximum awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
LEE JOHNNY C
Role
President/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance 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 — 1,098 shares (Direct, null);
Performance Stock Units — 12,332 shares (Direct, null);
Common Stock, No Par Value — 14,669 shares (Direct, null)
Footnotes (1)
- These remaining restricted stock units vest on 07/20/2026. There will be no expiration date once restricted stock units vest. These remaining restricted stock units vest on 02/21/2027. These remaining 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 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 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 05/13/2026 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 shares: 14,669 shares
RSU underlying shares: 9,789 shares
Additional RSU underlying shares: 8,712 shares
+5 more
8 metrics
Direct common shares
14,669 shares
Common Stock, No Par Value held directly after transactions
RSU underlying shares
9,789 shares
Restricted Stock Units linked to common stock
Additional RSU underlying shares
8,712 shares
Separate Restricted Stock Units grant
PSU maximum underlying shares
19,602 shares
Performance Stock Units representing maximum award
PSU underlying shares
14,683 shares
Performance Stock Units tied to three-year period from 03/20/2024
PSU underlying shares
12,332 shares
Performance Stock Units tied to three-year period from 05/08/2025
Earliest PSU period start
03/20/2024
Beginning of three-year vesting period for one PSU grant
Latest RSU vesting date
05/08/2028
Final installment date for one RSU grant
Key Terms
Restricted Stock Units, Performance Stock Units, employment condition, maximum award, +1 more
5 terms
Restricted Stock Units financial
"These remaining restricted stock units vest on 07/20/2026."
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"
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
"subject to the Reporting Person's satisfaction of the employment condition."
maximum award financial
"The reported PSUs represent the maximum award that may be achieved and ultimately vest."
three-year period financial
"will vest at the expiration of a three-year period beginning on 05/08/2025"
FAQ
What does the latest Form 4 for RBB Bancorp (RBB) show for CEO Johnny C. Lee?
The Form 4 shows an update of Johnny C. Lee’s existing equity holdings, not new market trades. He holds 14,669 common shares plus several restricted stock unit and performance stock unit grants with defined vesting schedules tied to future service and performance conditions.
What restricted stock unit (RSU) awards are reported for RBB Bancorp CEO Johnny C. Lee?
The filing reports multiple RSU grants, including awards linked to 9,789 and 8,712 underlying common shares. Remaining RSUs vest on 07/20/2026, 02/21/2027, 03/20/2027, and in two equal annual installments on 05/08/2027 and 05/08/2028, subject to continued employment conditions.
How are performance stock units (PSUs) structured for RBB Bancorp CEO Johnny C. Lee?
Lee holds several PSU awards tied to 14,683, 19,602 and 12,332 underlying shares. These PSUs vest after three-year periods beginning on 03/20/2024, 05/08/2025 and 05/13/2026, contingent on performance goals and employment, with some awards eligible to vest at up to 150% of target.