Cortese Stephen A. 4
4 · California BanCorp \ CA · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
California BanCorp Director Stephen A. Cortese Receives RSU Award
What Happened Stephen A. Cortese, a director of California BanCorp (BCAL), was awarded 3,196 restricted stock units (RSUs) on June 1, 2026. The Form 4 lists the acquisition price as $0.00 (transaction code A — award/grant), resulting in an acquisition value of $0 reported as $0. The RSUs are not common shares yet and will convert into shares only upon vesting.
Key Details
- Transaction date: 2026-06-01; Filing date: 2026-06-03 (filed timely).
- Security/transaction: 3,196 restricted stock units (RSUs); price per unit reported $0.00; total acquisition value $0.
- Vesting: RSUs vest in full on June 1, 2027 (per footnote F1).
- Shares owned after transaction: Not disclosed in the provided filing details.
- Transaction code: A = Award/Grant (non-sale, non-purchase compensation).
Context RSUs are a form of equity compensation for service; they do not represent immediately tradable shares until they vest. Director RSU grants are common as part of board compensation and do not by themselves indicate a buy or sell signal in the market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+3,196→ 353,823.18 total
- 33,069(indirect: By Trust)
Common Stock
- 2,086(indirect: Cortese Real Property LP)
Common Stock
- 11,576(indirect: By Trust)
Common Stock
Footnotes (1)
- [F1]Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on June 1, 2027.