RBB Bancorp (NASDAQ: RBB) CFO exercises stock units, updates share and PSU/RSU holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBB Bancorp EVP/CFO Lynn M. Hopkins reported compensation-related equity activity involving company stock and units. On 2026-05-08, she exercised restricted stock units to acquire 2,339 shares of common stock at $24.05 per share. As part of the same event, 840 shares of common stock were withheld at $24.05 per share to cover tax obligations, a non–open-market disposition.
Following these transactions, Hopkins directly holds 7,109 shares of RBB Bancorp common stock. She also holds performance and restricted stock units tied to common stock, including 10,524 underlying shares in performance stock units and 5,749 underlying shares in restricted stock units, with additional unit awards subject to multi‑year vesting schedules and performance conditions extending to dates such as 03/20/2027 and 05/08/2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,339 shares exercised/converted
Mixed
7 txns
Insider
HOPKINS LYNN M
Role
EVP/CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock, No Par Value | 2,339 | $24.05 | $56K |
| Tax Withholding | Common Stock, No Par Value | 840 | $24.05 | $20K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| Exercise | Restricted Stock Units | 2,339 | $0.00 | -- |
Holdings After Transaction:
Common Stock, No Par Value — 7,109 shares (Direct, null);
Restricted Stock Units — 1,878 shares (Direct, null);
Performance Stock Units — 8,451 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.
Key Figures
Shares exercised from RSUs: 2,339 shares
Tax-withholding shares: 840 shares
Common shares after transactions: 7,109 shares
+5 more
8 metrics
Shares exercised from RSUs
2,339 shares
Restricted Stock Units exercised into common stock at $24.05 on 2026-05-08
Tax-withholding shares
840 shares
Shares withheld for tax obligations at $24.05 per share on 2026-05-08
Common shares after transactions
7,109 shares
Direct RBB Bancorp common stock holdings following reported Form 4 transactions
Performance stock units (grant 1)
10,524 underlying shares
Performance Stock Units with three-year period beginning 03/20/2024
Restricted stock units (grant 1)
5,749 underlying shares
Remaining RSUs scheduled to vest, including on 03/20/2027 per footnote
Performance stock units (grant 2)
8,451 underlying shares
PSUs with three-year period beginning 05/08/2025, up to 150% of target
Restricted stock units (grant 2)
1,878 underlying shares
RSUs vesting in equal installments on 05/08/2027 and 05/08/2028
RSU exercise price reference
$24.05/share
Price used for both RSU-related exercise and tax-withholding disposition
Key Terms
Restricted Stock Units, Performance Stock Units, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"These remaining restricted stock units vest on 03/20/2027."
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.
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"
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did RBB (RBB) CFO Lynn M. Hopkins report in this Form 4?
Lynn M. Hopkins reported exercising restricted stock units for 2,339 RBB Bancorp common shares and a related tax-withholding disposition of 840 shares. These are compensation-driven transactions, not open-market trades, and update her equity ownership and unvested unit awards.
Were any RBB (RBB) insider transactions open-market buys or sells in this filing?
No open-market purchases or sales were reported. The Form 4 shows a derivative exercise of restricted stock units and a tax-withholding disposition, where 840 shares were withheld at $24.05 per share to cover obligations, rather than being sold in the open market.
What performance and restricted stock units does the RBB CFO still hold?
The CFO holds several unvested awards, including performance stock units tied to 10,524 underlying shares and restricted stock units tied to 5,749 underlying shares. Additional performance and restricted units remain, subject to multi-year vesting schedules and performance or employment conditions through at least 2028.
How do the performance stock units in this RBB filing vest?
The performance stock units vest conditionally based on specific performance goals and an employment condition over multi-year periods. One grant vests over a three-year period beginning March 20, 2024, and another over three years beginning May 8, 2025, assuming required conditions are met.