West Coast Community CRO reports 5,000-share option
West Coast Community Bancorp (WCCB) reported the initial equity holdings of EVP and Chief Risk Officer Sinclair Maxwell.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
West Coast Community Bancorp (WCCB) reported the initial equity holdings of EVP and Chief Risk Officer Sinclair Maxwell. Maxwell holds an option to buy 5,000 shares of common stock at $21.60 per share and several restricted stock awards with multi‑year annual vesting, plus indirect holdings in a Roth IRA/HSA.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Sinclair Maxwell
Role
EVP Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Option (right to buy) | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock F1 | -- | -- | -- |
| Holding | Common Stock F2 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings:
Option (right to buy) — 5,000 contracts (Direct);
Common Stock — 9,085 shares (Direct);
Common Stock — 651 shares (Indirect, Roth IRA / HSA)
Footnotes (2)
- F1. RSA with 3-year annual vesting schedule: Includes (i) 517 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) 548 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.
Key Figures
Stock options underlying shares: 5,000 shares
Option exercise price: $21.60 per share
Option expiration date: May 17, 2032
+5 more
8 metrics
Stock options underlying shares
5,000 shares
Option to buy common stock held directly by Sinclair Maxwell
Option exercise price
$21.60 per share
Exercise price for the option to acquire 5,000 common shares
Option expiration date
May 17, 2032
Expiration of reported option position
3-year RSA shares
1,685 shares
Restricted stock awards of 517, 620 and 548 shares with 3-year annual vesting
4-year RSA shares
6,900 shares
Restricted stock award with 4-year annual vesting schedule
Indirectly held common shares
651 shares
Common stock held indirectly through a Roth IRA / HSA
3-year RSAs grant dates
March 20, 2024; March 19, 2025; March 19, 2026
Grant dates for the three 3-year restricted stock awards
4-year RSA grant date
December 17, 2025
Grant date for the 6,900-share restricted stock award
Key Terms
restricted stock award, vesting schedule, Roth IRA, HSA
4 terms
restricted stock award financial
"Includes (i) 517 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 (i) 517 shares subject to a restricted stock award"
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.
Roth IRA financial
"Common Stock held indirectly through a Roth IRA / HSA"
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
HSA financial
"Common Stock held indirectly through a Roth IRA / HSA"
A Health Savings Account (HSA) is a tax-advantaged savings account that people use to pay for qualified medical expenses when paired with a high-deductible health insurance plan. Think of it as a personal medical piggy bank that grows tax-free and can be used for doctor visits, prescriptions, and other eligible care. Investors watch HSA growth because rising balances and account use can signal changing consumer healthcare spending, affect insurers, banks, and health-related businesses, and influence demand for medical services and products.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Sinclair Maxwell’s Form 3 disclose about holdings in WCCB?
It discloses initial beneficial ownership in West Coast Community Bancorp, including an option for 5,000 shares at $21.60 per share, multiple restricted stock awards that vest annually, and 651 shares of common stock held indirectly through a Roth IRA/HSA.
How many West Coast Community Bancorp (WCCB) options does Sinclair Maxwell report?
Sinclair Maxwell reports an option to acquire 5,000 shares of West Coast Community Bancorp common stock at an exercise price of $21.60 per share, with an expiration date of May 17, 2032 and an initial exercise date of April 17, 2026.
What restricted stock awards in WCCB are reported for Sinclair Maxwell?
The filing describes restricted stock awards totaling 1,685 shares under a 3‑year schedule (grants of 517, 620, and 548 shares) and an additional award of 6,900 shares under a 4‑year annual vesting schedule, all subject to continued service.
Are Sinclair Maxwell’s WCCB restricted stock awards subject to vesting conditions?
Yes. All listed restricted stock awards vest annually over three or four years, and vesting is conditioned on the reporting person’s continued provision of service to West Coast Community Bancorp on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
