Form 4: California BanCorp Executive Michelle Wirfel Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michelle Wirfel, EVP and Chief Operating Officer of California BanCorp, disposed of 114 shares of common stock to satisfy tax liabilities related to the vesting of a previously granted award.
Summary
- On April 28, 2025, Michelle Wirfel, EVP and Chief Operating Officer of California BanCorp, disposed of 114 shares of common stock.
- The transaction was executed to cover the reporting person's tax liability arising from the vesting of a previously granted award.
- The shares were disposed of at a price of $13.81 per share.
- Following the transaction, Wirfel directly owns 78,375 shares of California BanCorp common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate any particular positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction appears to be a standard tax-related sale, which is common when equity awards vest.
Key Dates
| Date | Description |
|---|---|
| 04/28/2025 | Date of transaction: Michelle Wirfel disposed of shares. |
| 04/30/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, California BanCorp, BCAL, Michelle Wirfel, EVP, Chief Operating Officer, Stock Disposal, Tax Liability, Vesting, Beneficial Ownership
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