RBB Bancorp (RBB) EVP exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBB Bancorp EVP Jeffrey Yeh reported equity award activity involving restricted stock units, performance stock units, and common stock on February 20, 2026. He exercised 922 restricted stock units into common shares and, in a related move, used 380 common shares to cover tax obligations at a stated price of $22.20 per share. Following these transactions, he directly held 58,184 common shares. The filing also details continuing holdings of restricted and performance stock units that vest over multi-year schedules based on time and performance conditions, and clarifies that prior grants on May 8, 2025 were previously overstated due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
922 shares exercised/converted
Mixed
7 txns
Insider
Yeh Jeffrey
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 922 | $0.00 | -- |
| Exercise | Common Stock, No Par Value | 922 | $22.20 | $20K |
| Tax Withholding | Common Stock, No Par Value | 380 | $22.20 | $8K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 921 shares (Direct);
Common Stock, No Par Value — 58,564 shares (Direct);
Performance Stock Units — 5,967 shares (Direct)
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 three equal annual installments beginning one year after the 03/20/2024 date of grant. 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 restricted stock units vest in three equal annual installments beginning one year after the 05/08/2025 date of grant. 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. 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 and PSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs and PSUs will be settled in common stock.
FAQ
What insider transactions did RBB EVP Jeffrey Yeh report in this Form 4?
Jeffrey Yeh reported exercising 922 restricted stock units into common stock and using 380 common shares to satisfy tax obligations at $22.20 per share. The filing also updates his remaining holdings of restricted stock units and performance stock units subject to vesting conditions.
What vesting terms apply to Jeffrey Yeh’s restricted stock units and performance stock units at RBB?
Certain restricted stock units vest in three equal annual installments starting one year after their grant dates in February, March, and May 2024 and 2025. Performance stock units vest over three-year periods, subject to performance goals and continued employment conditions described in the filing footnotes.
Did the RBB Bancorp Form 4 mention any correction of prior equity grant reporting for Jeffrey Yeh?
Yes. A footnote explains that a May 12, 2025 Form 4 previously overstated the number of RSUs and PSUs granted on May 8, 2025. The amended disclosure clarifies the correct awards and notes that those RSUs and PSUs will be settled in common stock.
What is the maximum potential vesting level for certain RBB performance stock units held by Jeffrey Yeh?
One performance stock unit award is stated at a target level with potential vesting up to 150% of that target. The reported units represent the maximum award that may ultimately vest after a three-year period beginning May 8, 2025, subject to performance and employment conditions.