Form 4: California BanCorp EVP, Chief Operating Officer Michelle Wirfel Reports Stock Disposal for Tax Liability
SEC Form 4
Michelle Wirfel, EVP and Chief Operating Officer of California BanCorp, disposed of 93 shares of common stock on March 21, 2025, to cover tax obligations arising from the vesting of a previous award.
Summary
- On March 21, 2025, Michelle Wirfel, the EVP and Chief Operating Officer of California BanCorp, disposed of 93 shares of common stock.
- The transaction was executed at a price of $14.74 per share.
- This disposal was to satisfy Ms. Wirfel's tax liability related to the vesting of a previously granted award.
- Following the transaction, Ms. Wirfel directly owns 79,237 shares of California BanCorp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax liabilities.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who have stock-based compensation. It indicates that an insider sold shares, likely to cover tax obligations related to vesting equity.
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, Michelle Wirfel, Stock Disposal, Tax Liability, EVP, Chief Operating Officer, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.