Form 4: Banc of California Director Paul Robert Burke Reports Stock and RSU Transactions

Director Paul Robert Burke reports acquisition of common stock and restricted stock units (RSUs) in Banc of California, Inc.

Summary

• Paul Robert Burke, a director of Banc of California, Inc., reported transactions involving the company's securities.
• On May 7, 2025, Burke acquired 5,883 shares of common stock through restricted stock units (RSUs) at a price of $0.00.
• These RSUs were issued as consideration for his service on the Issuer's Board of Directors and will vest on the one-year anniversary of the grant date.
• Following the reported transaction, Burke directly owns 59,501 shares of common stock, which includes 76 shares acquired through the Issuer's Dividend Reinvestment Plan.
• Burke also indirectly owns 656 shares of common stock through an IRA, 985 shares through an MSB Trust, and 1,000 shares of Series F Preferred Stock through an IRA.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider transactions.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign, aligning the director's interests with the company's long-term performance.

Future Outlook

The RSUs will vest one year from the grant date, potentially increasing Burke's holdings of Banc of California common stock.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the transactions of a company director.

Key Dates

Keywords

Banc of California, Director, Paul Robert Burke, RSUs, Common Stock, Beneficial Ownership, Form 4, Securities