RBB Bancorp CFO exercises RSUs, withholds shares for tax
RBB Bancorp EVP/CFO Lynn M. Hopkins reported compensation-related equity activity.
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Form Type
4
Rhea-AI Filing Summary
RBB Bancorp EVP/CFO Lynn M. Hopkins reported compensation-related equity activity. Hopkins exercised 1,917 restricted stock units into common shares at $24.13 per share and 688 common shares were withheld to cover tax obligations, leaving 4,770 common shares held directly. The filing also updates and clarifies outstanding awards of restricted stock units and performance stock units that vest over multi‑year periods based on service and performance conditions. A prior Form 4 filed on May 12, 2025 was corrected for an administrative error that had overstated RSU and PSU grant amounts and now specifies that those grants will be settled in common stock.
Insider Trade Summary
1,917 shares exercised/converted
Exercise
7 txns
Insider
HOPKINS LYNN M
Role
EVP/CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,917 | $0.00 | $0.00 |
| Exercise | Common Stock, No Par Value | 1,917 | $24.13 | $46K |
| Exercise Price or Tax Liability | Common Stock, No Par Value | 688 | $24.13 | $17K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,644 contracts for 8,895 underlying shares (Direct);
Common Stock, No Par Value — 4,770 shares (Direct);
Performance Stock Units — 18,975 contracts (Direct)
Footnotes (7)
- F1. There will be no expiration date once restricted stock units vest.
- F2. These restricted stock units vest in three equal annual installments beginning one year after the 03/20/2024 date of grant.
- F3. 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.
- F4. These restricted stock units vest in five equal annual installments beginning one year after the 04/22/2024 date of grant.
- F5. These restricted stock units vest in three equal annual installments beginning one year after the 05/08/2025 date of grant
- F6. 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.
- F7. 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.
Key Figures
RSUs exercised: 1,917 shares
Tax-withholding shares: 688 shares
Post-transaction common shares: 4,770 shares
+3 more
6 metrics
RSUs exercised
1,917 shares
Restricted stock units converted into common stock at $24.13
Tax-withholding shares
688 shares
Common shares delivered to satisfy tax liability at $24.13
Post-transaction common shares
4,770 shares
Common stock directly held after reported transactions
Exercise/settlement price
$24.13 per share
Price used for RSU conversion and tax-withholding disposition
PSUs grant block
10,524 underlying shares
Performance stock units tied to common stock, direct holding
RSUs grant block
7,017 underlying shares
Restricted stock units tied to common stock, direct holding
Key Terms
Restricted Stock Units, Performance Stock Units, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units vest in three equal annual installments"
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"
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.
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"
maximum award financial
"The reported PSUs represent the maximum award that may be achieved"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RBB (RBB) CFO Lynn Hopkins report in this Form 4?
Lynn M. Hopkins reported equity compensation activity involving restricted stock units and common shares. The filing shows an option-like exercise into 1,917 common shares and 688 shares withheld to satisfy tax obligations, plus updated disclosures on outstanding RSU and PSU awards.
What were the tax-withholding details in the RBB CFO’s Form 4 filing?
The Form 4 reports a code F tax-withholding disposition of 688 shares of RBB Bancorp common stock at $24.13 per share. These shares were delivered to cover tax liabilities related to the equity award activity, not sold in an open-market transaction.
What derivative equity awards does the RBB CFO still hold?
The filing lists multiple performance stock unit and restricted stock unit awards tied to RBB Bancorp common stock. These include blocks with underlying share amounts such as 10,524 and 7,017 shares, which vest over several years based on service and performance conditions.
Did the RBB CFO’s Form 4 correct any prior reporting errors?
Yes. A footnote explains that a Form 4 filed on May 12, 2025 contained an administrative error. It had overstated RSU and PSU grant amounts from May 8, 2025, and the amended disclosure clarifies those grants and that they will be settled in common stock.
Are the equity awards for the RBB CFO subject to vesting conditions?
Yes. Restricted stock units vest in equal annual installments beginning one year after specific grant dates. Performance stock units vest after three-year periods and depend on achieving performance goals and satisfying an employment condition, with some awards sized at a maximum payout level.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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