RBB.NASDAQRbb Bancorp

Form 4: RBB Bancorp CEO Johnny Lee Receives Equity Grant

Sentiment:

Executive Compensation Disclosure

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RBB Bancorp President and CEO Johnny Lee was granted new restricted and performance-based stock units on May 13, 2026.

Summary

  • Johnny Lee, President and CEO of RBB Bancorp, received a grant of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) on May 13, 2026.
  • The grant includes 14,683 PSUs and 9,789 RSUs.
  • The PSUs are subject to performance goals and employment conditions over a three-year period.
  • The RSUs vest in three equal annual installments starting one year from the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation that does not signal a change in company strategy or financial health.

Positives

  • Equity-based compensation aligns the interests of the CEO with long-term shareholder value.
  • Performance-based units include a potential for 150% of target vesting, incentivizing high performance.

Negatives

  • The grant increases potential future dilution for existing shareholders upon vesting.

Risks

  • Vesting of PSUs is contingent upon achieving specific performance goals which may not be met.
  • Continued employment is a mandatory condition for the vesting of all granted units.

Future Outlook

The CEO's compensation is tied to multi-year performance goals and continued service, indicating a focus on long-term retention and operational performance through 2029.

Management Comments

  • The grants are subject to performance goals and employment conditions.

Industry Context

StockSavvy.ai notes that equity-based compensation for bank executives remains a standard practice to ensure alignment with regulatory capital requirements and long-term stability in the regional banking sector.

Comparison to Industry Standards

  • The use of three-year vesting schedules for RSUs and PSUs is consistent with standard corporate governance practices for regional banks.
  • The inclusion of a 150% maximum payout for PSUs is a common incentive structure used by peer financial institutions to reward outperformance.

Stakeholder Impact

  • Shareholders may experience minor dilution upon the eventual vesting and issuance of common stock related to these grants.

Next Steps

  • Vesting of various RSU and PSU tranches according to the specified dates through 2028.

Key Dates

DateDescription
03/20/2024Start of three-year performance period for specific PSU grant.
05/08/2025Start of three-year performance period for specific PSU grant.
05/13/2026Date of grant for new RSU and PSU awards.
05/15/2026Filing date of the Form 4.
07/20/2026Vesting date for specific RSU holdings.
02/21/2027Vesting date for specific RSU holdings.
03/20/2027Vesting date for specific RSU holdings.
05/08/2027First annual installment vesting for specific RSU grant.
05/08/2028Second annual installment vesting for specific RSU grant.

Keywords

RBB Bancorp, Johnny Lee, Executive Compensation, Form 4, Equity Grant, RSU, PSU

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