Form 4: Banc of California Executive Monica Sparks Reports Stock Transactions
SEC Form 4 Filing
Monica Sparks, Chief Accounting Officer of Banc of California, reports the acquisition of restricted stock units and the disposal of depositary shares.
Summary
- Monica Sparks, the Chief Accounting Officer of Banc of California, filed a Form 4 detailing changes in beneficial ownership.
- On February 27, 2024, Sparks acquired 9,862 shares of common stock through a grant of restricted stock units at a price of $0.00.
- These restricted stock units will vest annually over a three-year period starting February 27, 2025.
- Also on February 27, 2024, Sparks disposed of 4,000 depositary shares of Series F Preferred Stock.
- Following these transactions, Sparks beneficially owns 21,007 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment.
Future Outlook
The restricted stock units will vest annually, in substantially equal installments, over a three-year period beginning on February 27, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock acquisition and disposal of depositary shares |
| 02/27/2025 | First vesting date for restricted stock units |
| 02/28/2024 | Date of signature for the Form 4 filing |
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