BayCom (BCML) Exec William J. Black Receives 75,000 PSU Award

What Happened
William J. Black, Executive Vice Chair and a director of BayCom Corp (BCML), was granted 75,000 performance stock units (PSUs) on 2026-07-21. The grant is reported at $0.00 (an award/derivative grant), not a cash purchase or sale. These PSUs are subject to vesting conditions and will convert to "Banked PSUs" only if the market vesting condition is met; upon settlement they will be paid 50% in shares and 50% in cash.

Key Details

• Transaction date and type: 2026-07-21 — Award/Grant of 75,000 PSUs (reported $0.00).
• Price/value shown on Form 4: $0.00 (derivative grant).
• Shares owned after transaction: not specified in the filing.
• Footnote (material): PSUs vest into Banked PSUs when the daily VWAP ≥ $40.26 for 20 consecutive trading days, subject to certification by the compensation committee. Banked PSUs remain subject to continued employment through July 1, 2029; settlement is 50% shares / 50% cash.
• Filing timeliness: Form 4 filed 2026-07-23 for a 2026-07-21 grant — the filing shows no indication of a late report.

Context: This is a compensation award, not an open-market purchase or sale. Such grants are common for executives and reflect incentive-based pay tied to stock performance and continued service, rather than an immediate signal of the insider buying or selling stock.