West Coast Community CEO reports 17,125 trust shares
Chairman and CEO Krista Snelling discloses initial direct RSA-based holdings and 17,125 indirectly owned WCCB shares in a family trust.
Rhea-AI Filing Summary
West Coast Community Bancorp (WCCB) reports that Chairman and CEO Krista Snelling has reported initial ownership of the company’s common stock. Her direct holdings include multiple restricted stock awards (RSAs) with 3‑year and 4‑year annual vesting schedules, and she also reports indirect ownership of 17,125 shares as self as trustee of the Snelling Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Snelling Krista
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,489 shares (Direct);
Common Stock — 17,125 shares (Indirect, Self as Trustee of the Snelling Family Trust)
Footnotes (2)
- F1. RSA with 3-year annual vesting schedule: Includes (i) 1,979 shares subject to a restricted stock award (RSA) granted on 3/20/2024, which vest annually thereafter, (ii) 4,997 shares subject to an RSA granted on 3/19/2025, which vest annually thereafter and (iii) 4,213 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) 25,000 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.
Key Figures
Indirectly owned shares: 17,125 shares
RSA shares granted March 20, 2024: 1,979 shares
RSA shares granted March 19, 2025: 4,997 shares
+3 more
6 metrics
Indirectly owned shares
17,125 shares
Common stock held indirectly as self as trustee of the Snelling Family Trust
RSA shares granted March 20, 2024
1,979 shares
Restricted stock award with 3-year annual vesting schedule
RSA shares granted March 19, 2025
4,997 shares
Restricted stock award with 3-year annual vesting schedule
RSA shares granted March 19, 2026
4,213 shares
Restricted stock award with 3-year annual vesting schedule
RSA shares granted December 20, 2023
6,925 shares
Restricted stock award with 4-year annual vesting schedule
RSA shares granted December 17, 2025
25,000 shares
Restricted stock award with 4-year annual vesting schedule
Key Terms
restricted stock award, vesting schedule, indirect ownership, Trustee
4 terms
restricted stock award financial
"Includes shares subject to a restricted stock award (RSA) granted on 3/20/2024"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
vesting schedule financial
"RSA with 3-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.
indirect ownership financial
"Common Stock held with ownership type reported as indirect through a trust"
Trustee financial
"Nature of ownership stated as Self as Trustee of the Snelling Family Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing disclose about WCCB’s Chairman and CEO Krista Snelling?
It discloses Krista Snelling’s initial ownership of West Coast Community Bancorp common stock, including several restricted stock awards that vest annually and 17,125 indirectly owned shares held with her as trustee of the Snelling Family Trust.
What restricted stock awards does Krista Snelling hold in WCCB with a 3-year vesting schedule?
She holds RSAs including 1,979 shares granted on March 20, 2024, 4,997 shares granted on March 19, 2025, and 4,213 shares granted on March 19, 2026, each vesting annually over a 3‑year schedule, subject to continued service.
What restricted stock awards does Krista Snelling hold in WCCB with a 4-year vesting schedule?
She holds RSAs including 6,925 shares granted on December 20, 2023, and 25,000 shares granted on December 17, 2025, each vesting annually over a 4‑year schedule, subject to her continued service to West Coast Community Bancorp.
Does the WCCB Form 3 show recent insider buying or selling by Krista Snelling?
No. The Form 3 presents initial ownership and holding entries for Krista Snelling’s West Coast Community Bancorp stock, including RSAs and trust holdings; it does not report purchases or sales of shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
