Form 4: Banc of California Chief Risk Officer Reports Tax Liability Stock Disposal
SEC Form 4
Olivia I Lindsay, Chief Risk Officer of Banc of California, reports disposing of shares to cover tax liabilities from a vested award.
Summary
- On February 23, 2025, Olivia I Lindsay, the Chief Risk Officer of Banc of California, disposed of 941 shares of common stock at a price of $14.99.
- The transaction was executed to satisfy the reporting person's tax liability incurred by the vesting of a previously granted award.
- Following the transaction, Lindsay directly owns 29,173 shares of Banc of California common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/23/2025 | Date of stock disposal transaction |
| 02/25/2025 | Date of signature for the Form 4 filing |
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