Form 4: Banc of California Executive Robert G. Dyck Reports Tax Liability Share Disposal
SEC Form 4 Filing
Robert G. Dyck, Chief Credit Officer of Banc of California, disposed of 517 shares to cover tax liabilities from a vested award.
Summary
- On March 9, 2024, Robert G. Dyck, the Chief Credit Officer of Banc of California, disposed of 517 shares of common stock to cover tax liabilities.
- The shares were sold at a price of $14.86 per share.
- Following the transaction, Dyck beneficially owns 22,606 shares of Banc of California common stock, which includes 51 shares acquired through the Issuer's Dividend Reinvestment Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of share disposal to cover tax liability. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
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