West Coast Community EVP lists stock, options
West Coast Community Bancorp (WCCB) reported the initial equity holdings of EVP Chief Credit Officer Shawn Lipman.
Rhea-AI Filing Summary
West Coast Community Bancorp (WCCB) reported the initial equity holdings of EVP Chief Credit Officer Shawn Lipman. His direct holdings include stock options to acquire 5,000 shares of common stock at $26.10 per share expiring August 17, 2033, and options on another 5,000 shares at $24.825 per share expiring November 16, 2031. He also holds common stock subject to restricted stock awards, including 173, 620 and 496 shares from grants dated March 20, 2024, March 19, 2025 and March 19, 2026 with three-year annual vesting, and 6,900 shares from a December 17, 2025 grant with four-year annual vesting, all contingent on continued service.
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Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Lipman Shawn
Role
EVP Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (right to buy) F3 | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 10,000 contracts (Direct);
Common Stock — 8,539 shares (Direct)
Footnotes (3)
- F1. RSA with 3-year annual vesting schedule: Includes (i) 173 shares subject to a restricted stock award (RSA) granted on 3/20/2024, which vest annually thereafter, (ii) 620 shares subject to an RSA granted on 3/19/2025, which vest annually thereafter and (iii) 496 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) 6,900 shares subject to a restricted stock award (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 8/17/2023, stock options vest in equal installments on grant date and monthly thereafter.
Key Figures
Option exercise price: $26.10 per share
Option underlying shares: 5,000 shares
Option exercise price: $24.825 per share
+4 more
7 metrics
Option exercise price
$26.10 per share
Stock options on 5,000 WCCB common shares expiring August 17, 2033
Option underlying shares
5,000 shares
Underlying WCCB common stock for $26.10 options expiring August 17, 2033
Option exercise price
$24.825 per share
Stock options on 5,000 WCCB common shares expiring November 16, 2031
Option underlying shares
5,000 shares
Underlying WCCB common stock for $24.825 options expiring November 16, 2031
RSA shares (3-year vesting)
173 shares
Restricted stock award granted March 20, 2024, vesting annually over three years
RSA shares (3-year vesting)
620 shares
Restricted stock award granted March 19, 2025, vesting annually over three years
RSA shares (4-year vesting)
6,900 shares
Restricted stock award granted December 17, 2025, vesting annually over four years
Key Terms
restricted stock award (RSA), vesting schedule, ISO, stock options
4 terms
restricted stock award (RSA) financial
"Includes (i) 173 shares subject to a restricted stock award (RSA)"
vesting schedule financial
"RSA with 3-year annual vesting schedule"
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.
ISO financial
"ISO with 48-month vesting schedule"
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.
stock options financial
"5,000 stock options granted on 8/17/2023"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing for WCCB disclose about Shawn Lipman?
The Form 3 shows that EVP Chief Credit Officer Shawn Lipman holds direct stock options on WCCB common stock and multiple restricted stock awards that vest annually, reflecting his existing equity-based compensation in West Coast Community Bancorp.
What stock options does Shawn Lipman hold in WCCB?
Shawn Lipman holds options to buy 5,000 WCCB shares at an exercise price of $26.10 expiring August 17, 2033, and options on another 5,000 shares at $24.825 per share expiring November 16, 2031, all held directly.
What restricted stock awards in WCCB common stock are reported for Shawn Lipman?
The filing lists RSAs on 173 shares granted March 20, 2024, 620 shares granted March 19, 2025, and 496 shares granted March 19, 2026, each vesting annually over three years, plus an RSA on 6,900 shares granted December 17, 2025 vesting annually over four years.
What are the vesting conditions for Shawn Lipman’s WCCB restricted stock awards?
All listed restricted stock awards vest on an annual schedule (three-year or four-year), and vesting is expressly subject to Shawn Lipman’s continued service to West Coast Community Bancorp on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
