RBB Bancorp CEO reports RSU vesting, tax shares
RBB Bancorp President/CEO Johnny C. Lee reported vesting of 5,500 restricted stock units from a 07/20/2023 grant into an equal number of common shares on 2026-07-20.
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Form Type
4
Rhea-AI Filing Summary
RBB Bancorp President/CEO Johnny C. Lee reported vesting of 5,500 restricted stock units from a 07/20/2023 grant into an equal number of common shares on 2026-07-20. To settle related tax obligations, 1,974 shares of common stock were withheld at $26.74 per share. Additional RSU and PSU awards remain outstanding, scheduled to vest on future service and performance conditions.
Insider Trade Summary
5,500 shares exercised/converted
Exercise
10 txns
Insider
LEE JOHNNY C
Role
President/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F10, F1, F2 | 5,500 | $0.00 | $0.00 |
| Exercise | Common Stock, No Par Value | 5,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, No Par Value | 1,974 | $26.74 | $53K |
| holding | Restricted Stock Units F10, F3, F2 | -- | -- | -- |
| holding | Restricted Stock Units F10, F4, F2 | -- | -- | -- |
| holding | Performance Stock Units F11, F5, F2 | -- | -- | -- |
| holding | Restricted Stock Units F10, F6, F2 | -- | -- | -- |
| holding | Performance Stock Units F11, F7, F2 | -- | -- | -- |
| holding | Performance Stock Units F11, F8, F2 | -- | -- | -- |
| holding | Restricted Stock Units F10, F9, F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 22,339 contracts (Direct);
Common Stock, No Par Value — 18,195 shares (Direct);
Performance Stock Units — 46,617 contracts (Direct)
Footnotes (11)
- F1. These remaining restricted stock units vest on 07/20/2026.
- F2. There will be no expiration date once restricted stock units vest.
- F3. These remaining restricted stock units vest on 02/21/2027.
- F4. These remaining stock units vest on 03/20/2027.
- F5. 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.
- F6. These remaining restricted stock units vest in two equal annual installments on 05/08/2027 and 05/08/2028.
- F7. 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.
- F8. Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals to occur after December 31, 2028, and before March 14, 2029, 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 certification by the Board of Directors subject to the Reporting Person's satisfaction of the employment condition.
- F9. These restricted stock units vest in three equal annual installments beginning one year after the 05/13/2026 date of grant.
- F10. Restricted stock units convert into common stock on a one-for-one basis.
- F11. Performance Stock Units (PSUs) convert into common stock on a one-for-one basis ranging from 0 shares to shares equal to a number of 150% of the target number of PSUs granted.
Key Figures
RSUs vested into common stock: 5,500 shares
Shares withheld for taxes: 1,974 shares
Tax withholding price: $26.74 per share
+2 more
5 metrics
RSUs vested into common stock
5,500 shares
Restricted Stock Units converting to common stock on 2026-07-20
Shares withheld for taxes
1,974 shares
Common stock withheld at $26.74 per share to settle tax obligations
Tax withholding price
$26.74 per share
Price applied to common shares disposed under code F on 2026-07-20
Remaining RSUs vesting 07/20/2026
1,098 shares
Restricted stock units scheduled to vest on 07/20/2026
PSUs maximum underlying shares (2025 grant)
19,602 shares
Performance Stock Units that may vest after a three-year period from 05/08/2025
Key Terms
Restricted stock units, Performance Stock Units (PSUs), tax withholding obligations
3 terms
Restricted stock units financial
"Shares issued for vesting of 7/20/2023 RSU grant"
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 (PSUs) financial
"Performance Stock Units (PSUs) convert into common stock on a one-for-one basis"
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
tax withholding obligations financial
"shares disposed in settlement of tax withholding obligations for such RSU vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RBB (RBB) CEO Johnny C. Lee report in this insider transaction?
Johnny C. Lee reported vesting of 5,500 restricted stock units into an equal number of RBB Bancorp common shares on 2026-07-20. The event reflects equity compensation from a 07/20/2023 grant, not an open-market stock purchase.
Did the RBB (RBB) Form 4 show any open-market buys or sells by the CEO?
The filing shows no open-market purchase or sale codes; all activity relates to RSU conversion (code M) and shares withheld for taxes (code F). Reported movements arise from equity compensation mechanics instead of trading on the open market.
What RSU and PSU awards does RBB (RBB) CEO Johnny C. Lee still hold?
Johnny C. Lee retains multiple awards, including RSUs for 1,098, 2,740, 8,712 and 9,789 underlying shares, plus PSUs for 12,332, 19,602 and 14,683 underlying shares. These vest over future dates tied to service and performance conditions.
How do the RBB (RBB) Performance Stock Units convert into common stock?
Performance Stock Units convert into RBB Bancorp common stock on a one-for-one basis, with payouts ranging from 0% up to 150% of the target PSU grant. Actual vesting depends on achieving specified performance goals and satisfying employment conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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