LESTER SUSAN E 4

What Happened Susan E. Lester, a director of Banc of California (BANC), was granted 4,780 restricted stock units (RSUs) on May 6, 2026. The award was reported as an acquisition at $0.00 per share (total reported value $0) and represents compensation for board service. The RSUs are scheduled to vest in full on the one-year anniversary of the grant.

Key Details

• Transaction date: 2026-05-06 (reported on Form 4 filed 2026-05-08). Filing appears timely under Form 4 rules.
• Transaction type/code: Award/Grant (A).
• Shares granted: 4,780 RSUs; grant price reported as $0.00 (total $0).
• Footnote F1: RSUs issued as board compensation and will vest in full one year from grant.
• Footnote F2: The reported amount includes 226 shares acquired under the issuer’s Dividend Reinvestment Plan (DRIP).
• Shares owned after transaction: Not specified in the filing.

Context This was a standard director compensation award (RSUs), not an open-market purchase or sale. Such grants compensate service and typically vest over time; they do not, by themselves, signal an immediate buy/sell decision by the insider.