Rice Joseph J 4

What Happened Joseph J. Rice, a director of Banc of California, was awarded 4,780 restricted stock units (RSUs) on May 6, 2026. The Form 4 reports an acquisition price of $0.00 for the grant (transaction code A), so the reported aggregate dollar amount is $0. Shares will be issued in full only upon vesting.

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-08 (reported on Form 4).
• Shares granted: 4,780 RSUs; reported acquisition price: $0.00; aggregate reported value: $0.
• Vesting: Footnote indicates shares will be issued in full upon vesting, scheduled to occur on the one-year anniversary of the grant date (i.e., ~2027-05-06).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 was filed two days after the grant date and appears timely under standard Form 4 rules.

Context

• RSUs are awards that convert to actual shares only when they vest; this grant does not represent an immediate purchase or sale in the market.
• Such awards are commonly compensation for board service and do not, by themselves, indicate insider buying or selling intent until vesting or subsequent trades occur.