Form 4: Banc of California Chief Risk Officer Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Olivia I Lindsay, Chief Risk Officer of Banc of California, reported disposing of shares to cover tax liabilities from vesting awards.
Summary
- On March 1, 2024, Olivia I Lindsay, the Chief Risk Officer of Banc of California, disposed of 208 shares of common stock at a price of $14.63 to cover tax liabilities.
- On March 2, 2024, Ms. Lindsay disposed of an additional 238 shares of common stock at a price of $14.38 for the same reason.
- Following these transactions, Ms. Lindsay directly owns 30,249 shares of Banc of California common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates transactions related to tax obligations from vested stock awards, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Disposal of 208 shares of common stock at $14.63. |
| 03/02/2024 | Disposal of 238 shares of common stock at $14.38. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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