BayCom (BCML) CEO Christopher Baron Receives 52,500 Performance Stock Units

What Happened
Christopher F. Baron, President & CEO and a director of BayCom Corp (BCML), received a grant of 52,500 performance stock units (PSUs) on July 21, 2026. The grant is reported as a derivative award (code A) at $0.00; no cash was exchanged. These PSUs are performance‑based and will only become “Banked PSUs” if the issuer’s daily volume‑weighted average price (VWAP) equals or exceeds $40.26 for 20 consecutive trading days and the compensation committee certifies the result.

Key Details

• Transaction date reported: July 21, 2026; Form 4 filed July 23, 2026 (timely filing).
• Award: 52,500 Performance Stock Units (derivative award, code A), reported at $0.00.
• Vesting condition: VWAP ≥ $40.26 for 20 consecutive trading days, subject to compensation committee certification.
• Continued employment requirement: PSUs remain subject to continued employment through July 1, 2029.
• Settlement: Upon satisfaction and certification, settlement will be 50% in shares and 50% in cash.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context
This is a performance‑based long‑term incentive grant, not an outright cash purchase or sale. It does not create immediate stock ownership and only converts into equity/cash if the specified market condition and employment/committee certification requirements are met. Such awards are routine for executives and are intended to align pay with future stock performance.