Thau Andrew 4
Research Summary
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BANC Director Andrew Thau Receives 4,780 RSU Award
What Happened Andrew Thau, a director of Banc of California, Inc. (BANC), was awarded 4,780 restricted stock units (RSUs) on May 6, 2026. The Form 4 reports the acquisition price as $0.00, which is standard for equity awards issued as compensation. The shares will be issued in full upon vesting.
Key Details
- Transaction date: 2026-05-06 (Award/Grant; code A)
- Filing date: 2026-05-08 (filed within the typical 2-business-day window)
- Shares granted: 4,780 RSUs; acquisition price shown as $0.00
- Shares owned after transaction: not specified in the filing
- Footnote: RSUs will vest in full on the one-year anniversary of the grant (i.e., ~2027-05-06)
Context This was a compensation grant to a board member, not an open-market purchase or sale. RSU awards are routine for director pay and do not, by themselves, indicate the insider is buying or selling stock in the market. The filing appears timely.