Form 4: Shannon F. Eusey Acquires Shares of Banc of California, Inc.

Director Shannon F. Eusey acquired shares of Banc of California, Inc. through restricted stock units and dividend reinvestment.

Summary

• On May 9, 2024, Shannon F. Eusey, a director of Banc of California, Inc., acquired 5,366 shares of common stock through restricted stock units (RSUs) as compensation for her service on the Issuer's Board of Directors.
• The RSUs will vest and shares will be issued on the one-year anniversary of the grant date.
• Eusey also acquired 99 shares of common stock through the Issuer's Dividend Reinvestment Plan.
• Following these transactions, Eusey beneficially owns 23,617 shares of Banc of California, Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of shares through RSUs and dividend reinvestment) by a director, indicating confidence in the company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of shares through RSUs aligns the director's interests with those of the shareholders.
• Participation in the Dividend Reinvestment Plan demonstrates a long-term investment perspective.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders, as it aligns management's interests with theirs.

Key Dates