Form 4: Banc of California Deputy CFO Raymond J Rindone Reports Stock Grant and Disposals

Raymond J Rindone, Deputy CFO of Banc of California, reports the acquisition of 10,913 shares of common stock and disposals, along with details of restricted stock units granted.

Summary

• On February 27, 2024, Raymond J Rindone, Deputy CFO of Banc of California, reported transactions involving Banc of California's common stock.
• Rindone acquired 10,913 shares of common stock at $0.00.
• Rindone disposed of 27,448 shares.
• Following these transactions, Rindone directly owns 27,448 shares of Banc of California.
• The report also details the grant of restricted stock units, which will vest annually over a three-year period starting February 27, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units will vest annually over a three-year period beginning on February 27, 2025.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value and future prospects.

Key Dates