RBB Bancorp (RBB) CEO exercises stock units and retains holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBB Bancorp President/CEO Johnny C. Lee reported routine equity compensation activity involving restricted and performance stock units tied to RBB common stock.
On May 8, 2026, he exercised 4,356 restricted stock units into common shares at an exercise price of $24.05 per share, and 1,563 common shares were disposed of as a tax-withholding disposition. Following these transactions, he directly held 14,669 shares of common stock.
Lee also continues to hold multiple equity awards, including performance stock units with 19,602 underlying common shares and another grant with 12,332 underlying common shares, plus several restricted stock unit awards. Footnotes state that certain restricted stock units vest on dates such as July 20, 2026, February 21, 2027, March 20, 2027, May 8, 2027, and May 8, 2028, while performance stock units vest after three-year periods beginning on March 20, 2024 and May 8, 2025, subject to performance goals and continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,356 shares exercised/converted
Mixed
8 txns
Insider
LEE JOHNNY C
Role
President/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,356 | $0.00 | -- |
| Exercise | Common Stock, No Par Value | 4,356 | $24.05 | $105K |
| Tax Withholding | Common Stock, No Par Value | 1,563 | $24.05 | $38K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,712 shares (Direct, null);
Common Stock, No Par Value — 16,232 shares (Direct, null);
Performance Stock Units — 12,332 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.
Key Figures
RSUs exercised: 4,356 shares
Exercise price: $24.05 per share
Tax-withholding shares: 1,563 shares
+4 more
7 metrics
RSUs exercised
4,356 shares
Restricted stock units converted to common stock on May 8, 2026
Exercise price
$24.05 per share
Price used for RSU exercise into common stock
Tax-withholding shares
1,563 shares
Common shares withheld to satisfy tax liability
Common shares held after
14,669 shares
Direct RBB common stock holdings after transactions
PSU underlying shares (grant 1)
19,602 shares
Underlying common shares for one performance stock unit award
PSU underlying shares (grant 2)
12,332 shares
Underlying common shares for another performance stock unit award
RSU underlying shares (grant)
5,500 shares
Underlying common shares for a restricted stock unit award
Key Terms
Performance Stock Units, Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
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.
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
vesting financial
"The reported PSUs will vest at the expiration of a three-year period"
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.
FAQ
What insider transactions did RBB (RBB) report for CEO Johnny C. Lee?
RBB reported that CEO Johnny C. Lee exercised 4,356 restricted stock units into common stock and had 1,563 common shares withheld to cover tax obligations. These actions are routine equity compensation events rather than open-market purchases or sales.
What equity awards in RBB stock does the CEO still retain after the filing?
The CEO retains several equity awards, including performance stock units with 19,602 underlying common shares and another grant with 12,332 underlying shares, plus multiple restricted stock unit awards. These positions represent unvested or outstanding equity-based compensation linked to RBB stock.
When do the RBB Bancorp restricted stock units for the CEO vest?
Remaining restricted stock units for CEO Johnny C. Lee vest on specified dates: July 20, 2026, February 21, 2027, March 20, 2027, and in two equal installments on May 8, 2027 and May 8, 2028, according to the footnotes.
How are RBB performance stock units for the CEO structured and when do they vest?
RBB performance stock units for the CEO vest conditionally based on performance goals and continued employment. One PSU grant vests after a three-year period beginning March 20, 2024, and another after a three-year period beginning May 8, 2025, with potential vesting up to 150% of target.