Form 4: California BanCorp CEO Steven E. Shelton Reports Tax Liability Share Disposal
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 19, 2025, Steven E. Shelton, CEO of California BanCorp, disposed of 223 shares of common stock to satisfy tax liabilities.
- The shares were disposed of at a price of $15.01 per share.
- Following the transaction, Shelton directly owns 134,680 shares of California BanCorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a factual event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax-related share disposal, which is a common occurrence.
Stakeholder Impact
- The disposal of a small number of shares by the CEO to cover tax liabilities is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Date of share disposal transaction |
| 03/21/2025 | Date of signature on the report |
Keywords
Form 4, California BanCorp, BCAL, Steven E. Shelton, CEO, Share Disposal, Tax Liability, Beneficial Ownership, Securities
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