Form 4: Geraldine Pannu Reports RBB Bancorp Stock Transactions
SEC Form 4
Director Geraldine Pannu reports the vesting and disposal of restricted stock units in RBB Bancorp on May 16, 2024.
Summary
- On May 16, 2024, Geraldine Pannu, a director of RBB Bancorp, reported transactions involving restricted stock units.
- 800 restricted stock units vested and were subsequently disposed of at a price of $0.
- Following the transaction, Pannu directly owns 700 restricted stock units and 2,200 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Future Outlook
The remaining 700 restricted stock units will vest in one year from the date of grant.
Industry Context
This is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Vesting and disposal of 800 restricted stock units. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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