West Coast Community EVP lists options, IRA stake
Form 3 shows West Coast Community Bancorp’s EVP Chief Banking Officer holding options and both direct and IRA common stock positions.
Rhea-AI Filing Summary
West Coast Community Bancorp (WCCB) reported the initial ownership of EVP Chief Banking Officer Jon Patrick Sisk on a Form 3. He holds stock options giving rights to acquire 34,139 shares and 20,861 shares of common stock at an exercise price of $22.9546 per share, expiring October 21, 2029.
He also holds common stock directly, including 652 shares subject to a restricted stock award granted March 19, 2026, which vests annually over three years, and indirectly through an IRA that owns 24,780 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Sisk Jon Patrick
Role
EVP Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 55,000 contracts (Direct);
Common Stock — 11,816 shares (Direct);
Common Stock — 24,780 shares (Indirect, IRA)
Footnotes (1)
- F1. RSA with 3-year annual vesting schedule: Includes (i) 652 shares subject to a restricted stock award (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.
Key Figures
Stock options underlying shares (grant 1): 34,139 shares
Stock options underlying shares (grant 2): 20,861 shares
Option exercise price: $22.9546 per share
+3 more
6 metrics
Stock options underlying shares (grant 1)
34,139 shares
Common stock underlying an option position held directly by Jon Patrick Sisk
Stock options underlying shares (grant 2)
20,861 shares
Common stock underlying a second option position held directly
Option exercise price
$22.9546 per share
Exercise price for both option positions expiring October 21, 2029
Option expiration date
October 21, 2029
Expiration for both reported option positions on West Coast Community Bancorp common stock
Restricted stock award shares
652 shares
Common shares subject to a restricted stock award granted March 19, 2026 with 3-year annual vesting
Indirect IRA common stock holdings
24,780 shares
Common stock of West Coast Community Bancorp held indirectly through an IRA
Key Terms
restricted stock award, vesting schedule, IRA
3 terms
restricted stock award financial
"Includes (i) 652 shares subject to a restricted stock award (RSA) granted on 3/19/2026"
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) 652 shares subject"
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.
IRA financial
"Indirect ownership of 24,780 shares of common stock reported as held through an IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does WCCB’s Form 3 report for Jon Patrick Sisk?
It reports Jon Patrick Sisk’s initial ownership as EVP Chief Banking Officer, including two stock option positions, direct common stock (with a restricted stock award), and indirect common stock held through an IRA.
What restricted stock award does Jon Patrick Sisk hold in WCCB?
He holds 652 shares of common stock under a restricted stock award granted on March 19, 2026. These shares vest annually over a three-year schedule, subject to his continued service to West Coast Community Bancorp on each vesting date.
Does the WCCB Form 3 show any recent buy or sell transactions?
No. The Form 3 lists holdings only, including options and common stock positions. It does not report any purchases, sales, exercises, or other buy/sell transactions for Jon Patrick Sisk on the reported date.
Is there a Rule 10b5-1 trading plan mentioned in WCCB’s Form 3?
No Rule 10b5-1 trading plan is reported in this Form 3 for West Coast Community Bancorp’s EVP Chief Banking Officer. The filing describes ownership positions but does not reference any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
