Form 4: Director Frank Di Tomaso Receives Stock Units for Board Service

Frank Di Tomaso, a director of California BanCorp, received 2,521 restricted stock units (RSUs) as compensation for his service on the Issuer's Board of Directors.

Summary

• On October 1, 2024, Frank Di Tomaso, a director of California BanCorp, acquired 2,521 shares of common stock through restricted stock units (RSUs).
• These RSUs were issued as consideration for his service on the Issuer's Board of Directors.
• The shares will be issued upon vesting, scheduled for May 30, 2025.
• Following this transaction, Di Tomaso directly owns 243,642 shares of common stock, which includes 231,971 shares held jointly with Pam Di Tomaso.
• He also indirectly owns 153,336 shares through an IRA and 12,075 shares through his spouse's IRA.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of stock units) and doesn't contain any alarming information. The director's increased stake could be viewed positively.

Positives

• The receipt of RSUs by a director aligns his interests with those of the shareholders.
• The director's significant holdings in the company demonstrate a strong commitment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the compensation and ownership stakes of company directors.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates