Form 4: Banc of California Executive Monica L. Sparks Reports Stock Disposal for Tax Obligations

Monica L. Sparks, Chief Accounting Officer of Banc of California, disposed of 944 shares of common stock to cover tax liabilities arising from the vesting of a previous award.

Summary

• On February 28, 2024, Monica L. Sparks, the Chief Accounting Officer of Banc of California, disposed of 944 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 $14.56 per share.
• Following the transaction, Sparks directly owns 20,063 shares of common stock and 4,000 Depositary Shares of Series F Preferred Stock.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

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

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates