Form 4: Banc of California CEO Jared Wolff Reports Stock Disposal for Tax Obligations
SEC Filing
Jared Wolff, President and CEO of Banc of California, disposed of shares to cover tax liabilities from a vesting award, according to a recent SEC filing.
Summary
- On March 9, 2024, Jared M Wolff, the President and CEO of Banc of California, disposed of 3,219 shares of common stock to cover tax liabilities.
- The shares were disposed of at a price of $14.86 per share.
- Following the transaction, Wolff directly owns 133,276 shares of Banc of California common stock.
- Wolff also indirectly owns 259,864 shares through the Wolff Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure related to insider transactions and is a common occurrence for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of stock disposal transaction |
| 03/12/2024 | Date of signature on the SEC filing |
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