Form 4: Director Joseph J. Rice Acquires Shares in Banc of California, Inc.

Joseph J. Rice, a director of Banc of California, Inc., reports the acquisition of shares through restricted stock units and dividend reinvestment.

Summary

• On May 9, 2024, Joseph J. Rice, a director of Banc of California, Inc., acquired 5,366 shares of common stock through restricted stock units (RSUs) as compensation for his board service.
• These RSUs will vest and be issued in full on the one-year anniversary of the grant date.
• Rice also acquired 100 shares of common stock through the Issuer's Dividend Reinvestment Plan.
• Following these transactions, Rice directly owns 15,532 shares and indirectly owns 9,500 shares through the Joseph & Monica Rice Revocable Trust and 10,000 shares through the Joseph J. Rice 2012 Irrevocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions by a company director. The acquisition of shares could be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

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

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates