Form 4: Banc of California Chief Risk Officer Reports Stock Transactions

Olivia I Lindsay, Chief Risk Officer of Banc of California, reports acquisition of restricted stock units and disposition of shares to cover tax liabilities.

Summary

• Olivia I Lindsay, the Chief Risk Officer of Banc of California, reported transactions involving the company's common stock.
• On February 25, 2025, she acquired 15,359 shares of common stock through a grant of restricted stock units at a price of $0.00.
• These restricted stock units will vest annually in equal installments over three years, starting February 28, 2026.
• On February 27, 2025, she disposed of 2,441 shares at $14.69 per share to cover tax liabilities related to the vesting of a previous award.
• Following these transactions, Lindsay directly owns 42,091 shares of Banc of California common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Future Outlook

The restricted stock units will vest annually, in substantially equal installments, over a three-year period beginning on February 28, 2026.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and potential alignment with shareholder interests.

Key Dates