West Coast Community CFO lists equity awards
West Coast Community Bancorp’s CFO reports initial holdings of stock options and multi‑year vesting restricted stock awards.
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Form Type
3
Rhea-AI Filing Summary
West Coast Community Bancorp’s EVP/Chief Financial Officer, Situ Min, filed an initial ownership report showing equity awards in the company. The filing lists a stock option covering 1,146 shares of common stock at an exercise price of $25.11 expiring on November 15, 2032, plus multiple restricted stock awards that vest annually over three- and four-year schedules, conditioned on continued service.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Situ Min
Role
EVP/Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Option (right to buy) F3 | -- | -- | -- |
| Holding | Common Stock F1 | -- | -- | -- |
| Holding | Common Stock F2 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings:
Option (right to buy) — 1,146 contracts (Direct);
Common Stock — 23,005 shares (Direct)
Footnotes (3)
- F1. RSA with 3-year annual vesting schedule: Includes (i) 689 shares subject to a restricted stock award (RSA) granted on 3/20/2024, which vest annually thereafter, (ii) 1,241 shares subject to an RSA granted on 3/19/2025, which vest annually thereafter and (iii) 1,096 shares subject to an RSA granted on 3/19/2026, which vest annually thereafter. Vesting is subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- F2. RSA with 4-year annual vesting schedule: Includes (i) 6,925 shares subject to a restricted stock award (RSA) granted on 12/20/2023, which vest annually thereafter and (ii) 9,200 shares subject to an RSA granted on 12/17/2025, which vest annually thereafter. Vesting is subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- F3. ISO with 48-month vesting schedule: Includes (i) 5,000 stock options granted on 11/15/2022, stock options vest in equal installments on grant date and monthly thereafter.
Key Figures
Option exercise price: $25.11 per share
Option underlying shares: 1,146 shares
Option expiration date: November 15, 2032
+2 more
5 metrics
Option exercise price
$25.11 per share
Exercise price for option over 1,146 shares of common stock
Option underlying shares
1,146 shares
Common stock underlying the reported stock option
Option expiration date
November 15, 2032
Expiration of the reported stock option position
3-year RSA shares
3,026 shares
Restricted stock awards with 3-year annual vesting schedule
4-year RSA shares
16,125 shares
Restricted stock awards with 4-year annual vesting schedule
Key Terms
restricted stock award (RSA), ISO, vesting schedule, exercise price
4 terms
restricted stock award (RSA) financial
"Includes shares subject to a restricted stock award (RSA) granted on 3/20/2024"
ISO financial
"ISO with 48-month vesting schedule: Includes 5,000 stock options granted"
An ISO is an incentive stock option, a form of employee benefit that lets workers buy company shares at a set price after a waiting period. It matters to investors because issuing ISOs can dilute existing shares and aligns employee incentives with long-term stock performance—think of it like giving employees coupons to buy future stock at today’s price, which can motivate growth but increase share count when used.
vesting schedule financial
"RSA with 4-year annual vesting schedule: Includes shares subject to an RSA"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
exercise price financial
"ExercisePrice 25.1100 for option (right to buy) over common stock"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the reporting insider in West Coast Community Bancorp (WCCB)’s Form 3?
The reporting insider is Situ Min, who serves as EVP/Chief Financial Officer of West Coast Community Bancorp and has filed an initial statement of beneficial ownership of the company’s equity securities.
What stock options does WCCB’s CFO report on this Form 3?
Situ Min reports an option (right to buy) over 1,146 shares of West Coast Community Bancorp common stock with an exercise price of $25.11 per share, expiring on November 15, 2032, held as a direct ownership position.
What restricted stock awards (RSAs) with a 3-year vesting schedule are disclosed for WCCB’s CFO?
The filing describes RSAs totaling 3,026 shares (689, 1,241 and 1,096 shares) with a 3-year annual vesting schedule. These vest annually after grant dates in 2024, 2025 and 2026, subject to Situ Min’s continued service with West Coast Community Bancorp.
What restricted stock awards with a 4-year vesting schedule are reported for WCCB’s CFO?
The Form 3 notes RSAs totaling 16,125 shares (6,925 and 9,200 shares) with a 4-year annual vesting schedule. These awards were granted in 2023 and 2025 and vest annually, conditioned on the CFO’s ongoing service to West Coast Community Bancorp.
Does the Form 3 for WCCB indicate any recent insider buying or selling?
No specific buy or sell transactions are reported. The entries are characterized as holdings of options and restricted stock awards, providing an initial snapshot of the CFO’s equity interests rather than new market purchases or sales.
Are the equity awards for WCCB’s CFO service-based?
Yes. The Form 3 states that vesting of the restricted stock awards is subject to the reporting person’s provision of service to West Coast Community Bancorp on each vesting date, indicating service-based vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
