Form 4: Joyce Wong Granted and Vested Restricted Stock Units in RBB Bancorp
SEC Form 4
Director Joyce Wong received and vested restricted stock units in RBB Bancorp on May 16, 2024.
Summary
- On May 16, 2024, Joyce Wong, a director of RBB Bancorp, was granted and vested restricted stock units (RSUs).
- A total of 5,347 common stock units were acquired at a price of $0.
- Ms. Wong now beneficially owns 45,983 shares of common stock.
- She received 1,500 restricted stock units, with 800 vesting immediately and 700 vesting in one year.
- Additionally, she received 4,547 restricted stock units that vested immediately.
- Following the transaction, Ms. Wong holds 700 restricted stock units.
Sentiment
Score: 7
Explanation: The document indicates a standard compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.
Positives
- The grant of restricted stock units to a director aligns their interests with those of the shareholders.
Industry Context
This is a standard practice for compensating and incentivizing board members in publicly traded companies.
Stakeholder Impact
- The grant of RSUs to a director can positively impact shareholders by aligning management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Joyce Wong granted and vested restricted stock units. |
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