Banc of California (BANC) CFO Joseph Kauder Sells 5,444 Shares

What Happened
Joseph Kauder, Chief Financial Officer of Banc of California (BANC), disposed of 5,444 shares on August 2, 2026. The shares were sold at $19.15 each for a total of about $104,253. This sale was to satisfy a tax liability arising from the vesting of a previously granted award, not an open-market investment sale.

Key Details

• Transaction date and price: 2026-08-02 at $19.15 per share.
• Shares disposed: 5,444; Proceeds: ~$104,253.
• Transaction code: F (payment of exercise price or tax liability).
• Footnote: F1 — shares were disposed to satisfy the reporting person’s tax liability from vesting of a previously granted award (tax withholding/cashless sell).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timing: Reported on 2026-08-03 for a 2026-08-02 transaction (filed promptly).

Context
This was a routine tax-withholding sale tied to a vesting award (a common "sell-to-cover" event), not an independent decision to sell shares for investment reasons. Such transactions are typically administrative and do not necessarily indicate the insider’s market outlook.