Form 4: California BanCorp Executive Peter Nutz Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
EVP/Chief Credit Officer of California BanCorp, Peter Nutz, disposed of 2,424 shares of common stock on February 22, 2025, to cover tax liabilities arising from the vesting of a previously granted award.
Summary
- On February 22, 2025, Peter Nutz, EVP/Chief Credit Officer of California BanCorp, disposed of 2,424 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 $15.84 per share.
- Following the transaction, Peter Nutz beneficially owns 35,368 shares of California BanCorp common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. This transaction appears to be a routine disposal of shares to cover tax liabilities.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares by an executive to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of transaction: Peter Nutz disposed of shares. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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