Form 4: California BanCorp Director Andrew Armanino Receives Restricted Stock Units as Board Compensation

California BanCorp Director Andrew J. Armanino was granted 3,729 restricted stock units as compensation for his board service, scheduled to vest on May 21, 2026.

Summary

• Andrew J. Armanino, a Director of California BanCorp (BCAL), was granted 3,729 restricted stock units (RSUs) on May 21, 2025.
• These RSUs were issued as consideration for his service on the Issuer's Board of Directors.
• The shares will be issued in full upon vesting, which is scheduled for May 21, 2026.
• Following this transaction, Mr. Armanino directly beneficially owns 9,099 shares of Common Stock.
• Additionally, he indirectly beneficially owns 212,578 shares through the Andrew J Armanino & Denise M Armanino TR UA dated June 2, 1999.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive event for the individual, aligning their interests with shareholders, and is a routine compensation practice for the company. It does not indicate any negative operational or financial news.

Positives

• The grant of 3,729 restricted stock units aligns the director's interests with shareholders, as the value of the compensation is tied to the company's stock performance.
• The RSU grant serves as compensation for board service, indicating ongoing commitment from the director to the company.

Future Outlook

The filing indicates that the granted restricted stock units are scheduled to vest on May 21, 2026, at which point the shares will be issued in full to the reporting person.

Industry Context

This Form 4 filing details a routine insider transaction involving director compensation, which is a common practice across publicly traded companies. It does not provide broader industry-specific context or trends.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Andrew J. Armanino, a director, constitutes a transaction with a related party (company director). This is a standard compensation arrangement for board service.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholder value, as the value of the compensation is tied to the company's stock performance.

Next Steps

• The 3,729 restricted stock units are scheduled to vest on May 21, 2026.
• Upon vesting, the shares will be issued in full to Andrew J. Armanino.

Key Dates

Keywords

California BanCorp, BCAL, Andrew J. Armanino, Form 4, SEC filing, Restricted Stock Units, RSUs, Director compensation, Insider transaction, Equity grant, Corporate governance