West Coast Community Bancorp exec reports holdings
EVP Chief Lending Officer Angelo DeBernardo Jr. reports initial WCCB stock, options, trust, 401K, and restricted stock award holdings.
Rhea-AI Filing Summary
West Coast Community Bancorp (WCCB) executive Angelo DeBernardo Jr., EVP Chief Lending Officer, filed an initial ownership report detailing his equity interests in the company. The filing lists two stock option positions to buy 5,500 and 2,200 shares of common stock at an exercise price of $22.7182 per share, expiring on January 17, 2028.
The report also discloses indirect holdings of 17,398 common shares held as self as trustee of the DeBernardo Family Trust and 5,808 common shares held through a 401K account. Footnotes describe several restricted stock awards with 3‑year and 4‑year annual vesting schedules, with vesting conditioned on continued service to West Coast Community Bancorp.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
DeBernardo Angelo Jr.
Role
EVP Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 7,700 contracts (Direct);
Common Stock — 15,921 shares (Direct);
Common Stock — 17,398 shares (Indirect, Self as Trustee of the DeBernardo Family Trust);
Common Stock — 5,808 shares (Indirect, 401K)
Footnotes (2)
- F1. RSA with 3-year annual vesting schedule: Includes (i) 601 shares subject to a restricted stock award (RSA) granted on 3/20/2024, which vest annually thereafter, (ii) 752 shares subject to an RSA granted on 3/19/2025, which vest annually thereafter and (iii) 513 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) 7,130 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
Option underlying shares: 5,500 shares
Second option underlying shares: 2,200 shares
Option exercise price: $22.7182 per share
+5 more
8 metrics
Option underlying shares
5,500 shares
Underlying common stock for one option position held by Angelo DeBernardo Jr.
Second option underlying shares
2,200 shares
Underlying common stock for a second option position held by Angelo DeBernardo Jr.
Option exercise price
$22.7182 per share
Exercise price for both option positions over WCCB common stock
Option expiration date
January 17, 2028
Expiration date for both reported option positions
Indirect trust holdings
17,398 shares
Common stock held indirectly as self as trustee of the DeBernardo Family Trust
Indirect 401K holdings
5,808 shares
Common stock held indirectly through a 401K account
RSA grant date (3-year schedule)
March 19, 2026
One of the restricted stock awards with a 3-year annual vesting schedule
RSA grant date (4-year schedule)
December 17, 2025
One of the restricted stock awards with a 4-year annual vesting schedule
Key Terms
Restricted stock award, RSA, 401K, exercise price, +1 more
5 terms
Restricted stock award financial
"Includes (i) 601 shares subject to a restricted stock award (RSA) granted"
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.
RSA financial
"RSA with 3-year annual vesting schedule: Includes (i) 601 shares subject"
401K financial
"Common Stock holding with nature of ownership "401K""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
exercise price financial
"conversion_or_exercise_price": "22.7182""
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.
expiration date financial
"expiration_date": "2028-01-17""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does WCCB’s Form 3 filing by Angelo DeBernardo Jr. report?
It reports EVP Chief Lending Officer Angelo DeBernardo Jr.’s initial ownership in West Coast Community Bancorp, including stock options, indirect common stock holdings through a family trust and 401K, and several restricted stock awards with multi‑year vesting schedules.
What restricted stock awards are disclosed for WCCB’s Angelo DeBernardo Jr.?
Footnotes describe RSAs with 3-year and 4-year annual vesting schedules, including awards granted on December 20, 2023, March 20, 2024, March 19, 2025, December 17, 2025, and March 19, 2026, all vesting annually subject to continued service.
Does the WCCB Form 3 show any insider buying or selling by Angelo DeBernardo Jr.?
No buy or sell transactions are listed. The entries are holdings of options, common stock, and restricted stock awards, reflecting Angelo DeBernardo Jr.’s ownership positions rather than new market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
