Schnel Jonah 4
4 · BANC OF CALIFORNIA, INC. · Filed May 16, 2022
Insider Transaction Report
Form 4
Schnel Jonah
Director
Transactions
- Award
Common Stock
2022-05-12+3,837→ 7,826 total
Holdings
- 500(indirect: By Spouse)
Common Stock
- 918
Stock Options
Exercise: $10.90Exp: 2024-07-01→ Common Stock (918 underlying) - 63,582(indirect: By Trust)
Common Stock
- 2,808
Stock Option
Exercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying) - 2,808
Stock Option
Exercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying) - 918
Stock Option
Exercise: $10.90Exp: 2024-07-01→ Common Stock (918 underlying)
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date.
- [F2]Amount reported consists of shares previously transferred by the Reporting Person into the Schnel Family Trust.
- [F3]Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2014 and July 1, 2015 (the "Option Agreements"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreements), this award will automatically become fully vested.