Form 4: Banc of California COO John K. Sotoodeh Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
John K. Sotoodeh, COO of Banc of California, disposed of shares to cover tax liabilities arising from vesting awards.
Summary
- On March 1, 2024, John K. Sotoodeh, the Chief Operating Officer of Banc of California, disposed of 916 shares of common stock at a price of $14.63 to cover tax liabilities.
- Following this transaction, Sotoodeh directly owns 75,111 shares of Banc of California common stock.
- On March 2, 2024, Sotoodeh disposed of 802 shares of common stock at a price of $14.38 to cover tax liabilities.
- Following this transaction, Sotoodeh directly owns 74,309 shares of Banc of California common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is typical for publicly traded companies. It does not suggest any specific trend within the banking industry.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Disposal of 916 shares of common stock at $14.63. |
| 03/02/2024 | Disposal of 802 shares of common stock at $14.38. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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