DYCK ROBERT G 4
4 · BANC OF CALIFORNIA, INC. · Filed Mar 1, 2023
Insider Transaction Report
Form 4
DYCK ROBERT G
CHIEF CREDIT OFFICER
Transactions
- Award
Common Stock
2023-02-27+5,578→ 29,040 total
Holdings
- 29,478
Performance Stock Units
Exp: 2026-06-06→ Common Stock (29,478 underlying)
Footnotes (2)
- [F1]On March 2, 2020, the Reporting Person was granted performance stock units ("PSUs"). Vesting of the PSUs was conditioned on the achievement of certain performance goals and an employment condition. Effective February 27, 2023, the Joint Compensation, Nominating and Corporate Governance Committee of the Issuer's Board of Directors determined that the performance goals had been satisfied resulting in the reported PSUs being subject only to the employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on March 2, 2020 subject to the Reporting Person's satisfaction of the employment condition.
- [F2]Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $35 per share within four years from the date of grant and (b) the Reporting Persons' continued service through the fourth anniversary of the grant.