Armanino Andrew J. 4
4 · California BanCorp \ CA · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
California BanCorp Director Andrew J. Armanino Receives RSU Award
What Happened
Andrew J. Armanino, a director of California BanCorp (BCAL), was granted 3,196 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports the acquisition at $0.00 per unit (total reported value $0), with the RSUs scheduled to vest in full on June 1, 2027. This was an equity award for board service rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (appears within the typical two-business-day Form 4 window).
- Reported transaction: Award/Grant (Code A) — 3,196 RSUs at $0.00 each (total $0).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: F1 — RSUs issued as board compensation and vest in full on 2027-06-01. F2 — Adjustment due to a duplicated share count of 37,412 shares (correction to reported ownership totals).
Context
RSUs are deferred equity compensation; no shares were issued to Armanino until vesting and there was no immediate cash exchanged. Awards like this are routine for directors and reflect compensation rather than a direct buy/sell signal for the market. The F2 adjustment corrects a prior duplicated share count and affects reported ownership totals rather than indicating a new market transaction.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+3,196→ 16,679.41 total
- 175,166(indirect: Andrew J Armanino & Denise M Armanino TR UA 6/2/1999)
Common Stock
[F2]
Footnotes (2)
- [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.
- [F2]Reflects an adjustment due to duplicated share count of 37,412 shares.