Barker James Andrew 4
Research Summary
AI-generated summary
BANC Director James Barker Receives RSU Award
What Happened
- James Andrew Barker, a director of Banc of California (BANC), was granted 4,780 restricted stock units (RSUs) on 2026-05-06. The grant is reported at $0.00 per share (total reported value $0) and represents an award for board service rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-06; report filed: 2026-05-08 (timely filing).
- Instrument: Restricted stock units (RSUs) — 4,780 units granted at $0.00 reported price.
- Vesting: According to the filing, the RSUs vest in full on the one-year anniversary of the grant (2027-05-06). (Footnote F1)
- Other holdings disclosure: The filing notes that the reported amount includes 875 shares acquired via the issuer's Dividend Reinvestment Plan (DRIP). (Footnote F2)
- Shares owned following the reported transaction: not specified in the provided summary of the filing.
Context
- RSU grants are compensation for service and typically convert to shares upon vesting; they are not an immediate cash purchase or sale and don't reflect an immediate buy/sell signal.
- This transaction is routine director compensation and was reported on a timely Form 4.