EUSEY SHANNON F 4

What Happened
Shannon F. Eusey, a director of Banc of California (BANC), received a grant of 4,780 restricted stock units (RSUs) on 2026-05-06. The grant was reported at $0.00 per share (total reported value $0) because these are RSUs that will be issued in shares upon vesting. Vesting is scheduled for the one-year anniversary of the grant (around 2027-05-06).

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (filed within the standard 2-business-day window).
• Transaction type/code: Award/Grant (A).
• Amount granted: 4,780 RSUs; reported price: $0.00; reported total value: $0.
• Vesting: RSUs vest in full on the one-year anniversary of the grant (per footnote).
• Reported holdings note: the filing notes that the reported amount includes 414 shares acquired under the issuer’s Dividend Reinvestment Plan (DRIP). The filing does not specify a total post-transaction beneficial ownership figure.
• No indication of a 10b5-1 plan, gift, option exercise, or tax-withholding sale in this report.

Context
RSU grants are a form of equity compensation that convert into shares only when they vest; they are not an immediate cash purchase or sale. Because these RSUs vest in a year, there is no immediate change in tradable shares until vesting occurs. Awards to directors for board service are common and are typically routine compensation rather than direct market sentiment.