Form 4: California BanCorp Executive Peter Nutz Disposes of Shares to Cover Tax Obligations

Peter Nutz, EVP/Chief Credit Officer of California BanCorp, disposed of shares to cover tax liabilities arising from the vesting of a previously granted award.

Summary

• On April 20, 2025, Peter Nutz, EVP/Chief Credit Officer of California BanCorp, disposed of 139 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 $12.64 per share.
• Following the transaction, Nutz directly owns 34,629 shares of California BanCorp common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, California BanCorp, BCAL, Peter Nutz, EVP/Chief Credit Officer, Share Disposal, Tax Liability, Vesting