Form 4: Southern California Bancorp Executive Peter Nutz Reports Acquisition of Restricted Stock Units

EVP/Chief Credit Officer of Southern California Bancorp, Peter Nutz, reports the acquisition of 8,265 restricted stock units.

Summary

• On March 1, 2024, Peter Nutz, EVP/Chief Credit Officer of Southern California Bancorp, acquired 8,265 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted on March 1, 2024, and will vest annually in substantially equal installments over a two-year period beginning on March 1, 2025.
• Following this transaction, Nutz beneficially owns 24,996 shares of Southern California Bancorp common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future performance. The sentiment is neutral to positive.

Positives

• The acquisition of restricted stock units aligns 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, incentivizing the executive to contribute to the company's long-term success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The granting of restricted stock units aligns the executive's interests with those of the shareholders.

Key Dates