Form 4: Banc of California CFO Joseph Kauder Disposes of Shares to Cover Tax Obligations
SEC Form 4
Joseph Kauder, CFO of Banc of California, disposed of 3,818 shares of common stock on August 2, 2024, to cover tax liabilities incurred from vesting of a previously granted award.
Summary
- On August 2, 2024, Joseph Kauder, the Chief Financial Officer of Banc of California, disposed of 3,818 shares of the company's common stock.
- The transaction was executed to satisfy the reporting person's tax liability resulting from the vesting of a previously granted award.
- The shares were disposed of at a price of $13.19 per share.
- Following the transaction, Kauder directly owns 48,441 shares of Banc of California's common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations, which is a common reason for share disposals.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date of transaction: Joseph Kauder disposed of shares. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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