Form 4: Director Anne A. Williams Receives Restricted Stock Units from California BanCorp
SEC Form 4 Filing
Anne A. Williams, a director of California BanCorp, received 3,146 restricted stock units (RSUs) as compensation for her board service.
Summary
- Anne A. Williams, a director at California BanCorp (BCAL), reported a transaction on August 8, 2024, where she acquired 3,146 shares of common stock in the form of restricted stock units (RSUs).
- These RSUs were granted as consideration for her service on the Issuer's Board of Directors.
- The shares will be issued upon vesting, scheduled for May 30, 2025.
- Following this transaction, Williams directly owns 24,421 shares of common stock and indirectly owns 40,793 shares through the LEWIS IWILLIAMSIV & ANNEAWILLIAMSTRWILLIAMSFAMILYTRUST12/6/18.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a standard compensation practice. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The shares will be issued in full upon vesting, which is scheduled to occur on May 30, 2025.
Industry Context
This filing is a routine disclosure of stock-based compensation for a company director, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.
Stakeholder Impact
- The granting of RSUs to a director aligns their interests with shareholders, potentially incentivizing decisions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 12/06/2018 | Date of LEWIS IWILLIAMSIV & ANNEAWILLIAMSTRWILLIAMSFAMILYTRUST |
| 08/08/2024 | Date of transaction: Anne A. Williams acquired restricted stock units. |
| 08/12/2024 | Date of signature on the Form 4 filing. |
| 05/30/2025 | Vesting date for the restricted stock units. |
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