Form 4: Banc of California Chief Risk Officer Reports Tax Liability Stock Disposal
SEC Form 4 Filing
Olivia I Lindsay, Chief Risk Officer of Banc of California, disposed of 156 shares of common stock on March 9, 2025, to cover tax liabilities from a vesting award.
Summary
- On March 9, 2025, Olivia I Lindsay, the Chief Risk Officer of Banc of California, disposed of 156 shares of common stock.
- The transaction was executed to satisfy the reporting person's tax liability incurred by the vesting of a previously granted award.
- The shares were disposed of at a price of $13.8.
- Following the transaction, Lindsay directly owns 41,902 shares of Banc of California common stock.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/09/2025 | Date of stock disposal transaction. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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