Form 4: Banc of California Chief Risk Officer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Olivia I Lindsay, Chief Risk Officer of Banc of California, reports disposing of shares to cover tax liabilities from a vested award.
Summary
- Olivia I Lindsay, the Chief Risk Officer of Banc of California, filed a Form 4 on March 12, 2024, reporting a transaction on March 9, 2024.
- Lindsay disposed of 156 shares of common stock at a price of $14.86 to satisfy tax liabilities incurred from the vesting of a previously granted award.
- Following the transaction, Lindsay beneficially owns 30,114 shares of Banc of California common stock, which includes 21 shares acquired through the Issuer's Dividend Reinvestment Plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a standard transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of transaction: Disposal of shares to cover tax liability. |
| 03/12/2024 | Date of Form 4 filing. |
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