Burke Paul Robert 4

What Happened

• Paul R. Burke, a director of Banc of California, was granted 4,780 restricted stock units (RSUs) on 2026-05-06. The grant was reported at a $0.00 acquisition price (award), so the immediate cash value reported is $0. Per the filing, the RSUs will convert to shares in full when they vest on the one‑year anniversary of the grant (expected vesting: 2027-05-06). The award was issued as compensation for his board service.

Key Details

• Transaction date: 2026-05-06; filing date: 2026-05-08 (no late filing indicated).
• Transaction type/code: Award/Grant (A); 4,780 RSUs granted at $0.00 per share (reported value $0).
• Vesting: Scheduled to vest in full on the one‑year anniversary of the grant date (per footnote).
• Ownership note: The filing also states the reported amount includes 226 shares acquired under the issuer’s Dividend Reinvestment Plan (DRIP).
• Shares owned after transaction: Not specified in the provided summary of the filing.

Context

• This was a compensation award (RSUs) for board service, not an open‑market purchase or sale. Awards are common for directors and reflect compensation practices rather than an immediate market-driven buy or sell decision. The RSUs will only become actual shares if and when they vest.