Form 4: Southern California Bancorp EVP Thomas Dolan Reports Acquisition of Restricted Stock Units

Thomas Dolan, EVP/Bancorp CFO/COO of Southern California Bancorp, reports the acquisition of 15,035 restricted stock units on March 1, 2024.

Summary

• On March 1, 2024, Thomas G. Dolan, EVP/Bancorp CFO/COO of Southern California Bancorp, acquired 15,035 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted to Mr. Dolan and will vest annually in substantially equal installments over a two-year period beginning on March 1, 2025.
• Following this transaction, Mr. Dolan directly owns 64,833 shares of common stock and indirectly owns 197,615 shares through the Thomas G Dolan Living Trust dated August 9, 2016.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation transaction. It's neither overly positive nor negative.

Positives

• The acquisition of restricted stock units by a key executive could be seen as a positive sign, aligning the executive's interests with the long-term performance of the company.

Future Outlook

The restricted stock units will vest over a two-year period, suggesting a commitment from the executive to the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the financial services industry.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates