Form 4: California BanCorp Executive Peter Nutz Reports Stock Transactions
SEC Form 4 Filing
EVP/Chief Credit Officer Peter Nutz of California BanCorp reports disposition of shares to cover tax liabilities and acquisition of restricted stock units.
Summary
- Peter Nutz, EVP/Chief Credit Officer of California BanCorp, filed a Form 4.
- On March 1, 2025, Nutz disposed of 1,544 shares of common stock at $15.99 to satisfy tax liabilities from a previous award vesting.
- Following this transaction, Nutz directly owns 33,824 shares of common stock.
- On March 3, 2025, Nutz acquired 944 restricted stock units (RSUs) at $0.00.
- These RSUs will vest annually over a two-year period, starting March 1, 2026, in substantially equal installments.
- After the acquisition, Nutz beneficially owns 34,768 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports routine stock transactions by an executive.
Future Outlook
The restricted stock units will vest annually over a two-year period beginning on March 1, 2026.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on stock prices.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Disposition of 1,544 shares to cover tax liability. |
| 03/03/2025 | Grant of 944 restricted stock units. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
| 03/01/2026 | Start date for annual vesting of restricted stock units over two years. |
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