Form 4: California BanCorp Executive Michelle Wirfel Disposes of Shares to Cover Tax Obligations

Michelle Wirfel, EVP and Chief Operating Officer of California BanCorp, disposed of 594 shares of common stock on March 25, 2025, to cover tax liabilities arising from the vesting of a previously granted award.

Summary

• On March 25, 2025, Michelle Wirfel, the EVP and Chief Operating Officer of California BanCorp, disposed of 594 shares of common stock.
• The transaction was executed to satisfy the reporting person's tax liability related to the vesting of a previously granted award.
• The shares were disposed of at a price of $14.82 per share.
• Following the transaction, Wirfel directly owns 78,643 shares of California BanCorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, California BanCorp, BCAL, Michelle Wirfel, Executive Compensation, Stock Disposal, Tax Liability, Insider Trading