California BanCorp (BCAL) Director Kevin J. Cullen Receives Award

What Happened

• Kevin J. Cullen, a director of California BanCorp (BCAL), received an award of 1,025 restricted stock units (RSUs) on 2026-08-20. The filing reports an acquisition at $0.00 per share (code A — award/grant).
• The RSUs are scheduled to vest and be issued in full on August 20, 2026 (per filing footnote). No cash purchase was made; the award represents compensation for board service.

Key Details

• Transaction date: 2026-08-20; Report filed: 2026-08-24 (filed within the typical two-business-day Form 4 reporting window).
• Transaction type/code: Award/Grant (A); 1,025 RSUs granted at $0.00 per share.
• Vesting/issuance: Shares to be issued in full upon vesting on August 20, 2026 (footnote F1).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnote: F1 explains these are RSUs issued as consideration for board service and will convert to shares upon vesting.

Context

• RSUs are a form of compensation that convert into company shares upon vesting; an award at $0 indicates the shares were granted, not bought. Such grants are routine for directors and reflect compensation rather than an out‑of‑pocket investment.