Form 4: Joyce Wong Lee Reports Stock Unit Vesting in RBB Bancorp
SEC Form 4 Filing
Director Joyce Wong Lee reports the vesting of restricted stock units in RBB Bancorp, resulting in the acquisition of 4,442 shares.
Summary
- On May 21, 2025, Joyce Wong Lee, a director of RBB Bancorp, reported the vesting of restricted stock units.
- This transaction resulted in the acquisition of 4,442 shares of common stock at a price of $0.
- Following the transaction, Ms. Wong Lee directly owns 51,125 shares of common stock.
- Ms. Wong Lee also directly owns 700 restricted stock units.
- The restricted stock units granted on May 21, 2025, vest in two installments: 4,442 vested immediately and 700 will vest in one year.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting the vesting of stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units increases the director's stake in the company, aligning her interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Date of earliest transaction (vesting of restricted stock units) |
| 05/21/2025 | Date of grant and immediate vesting of 4,442 restricted stock units |
| 05/22/2025 | Date of signature on the Form 4 filing |
Keywords
RBB Bancorp, Joyce Wong Lee, restricted stock units, vesting, Form 4, director, common stock, beneficial ownership
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