Form 4: PCB Bancorp EVP Timothy Chang Exercises Stock Options

EVP and Chief Financial Officer of PCB Bancorp, Timothy Chang, exercised stock options to acquire 4,800 shares of common stock at $10.33 per share on April 30, 2024.

Summary

• On April 30, 2024, Timothy Chang, the EVP & Chief Financial Officer of PCB Bancorp, exercised stock options.
• This transaction involved the acquisition of 4,800 shares of common stock at a price of $10.33 per share.
• Following the transaction, Chang directly owns 48,525 shares of PCB Bancorp common stock.
• Chang also owns 22,200 derivative securities in the form of stock options.
• The exercised stock options vested over time, with 60% vesting on the third anniversary of the grant date (October 28, 2015) and the remainder in two equal annual installments.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard disclosure of an executive exercising stock options, which is a common practice.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it increases the number of outstanding shares.

Key Dates