Form 4: California BanCorp CEO Steven E. Shelton Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Steven E. Shelton of California BanCorp reports disposing of shares to cover tax liabilities related to vesting of a previously granted award.
Summary
- On March 21, 2025, Steven E. Shelton, CEO of California BanCorp, disposed of 187 shares of common stock to satisfy tax obligations.
- The shares were disposed of at a price of $14.74 per share.
- Following the transaction, Shelton directly owns 134,493 shares of California BanCorp common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by the CEO for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of stock disposal transaction |
| 03/24/2025 | Signature date of the Form 4 filing |
Keywords
Form 4, California BanCorp, BCAL, Steven E. Shelton, CEO, Stock Disposal, Tax Liability, Beneficial Ownership, Securities Exchange Act
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