Form 4: RBB Bancorp CEO Johnny Lee Reports RSU Vesting
Statement of Changes in Beneficial Ownership
RBB Bancorp President and CEO Johnny Lee acquired 4,356 shares through RSU vesting and disposed of 1,563 shares for tax obligations.
Summary
- President and CEO Johnny Lee acquired 4,356 shares of RBB Bancorp common stock on May 8, 2026, upon the vesting of restricted stock units (RSUs).
- A total of 1,563 shares were withheld by the company to satisfy tax withholding obligations related to the vesting event.
- Following these transactions, Johnny Lee holds a total of 14,669 shares of RBB Bancorp common stock.
- The filing details various remaining unvested restricted stock units (RSUs) and performance stock units (PSUs) held by the CEO.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents routine executive compensation activity with no impact on the company's operational or financial strategy.
Positives
- The transaction reflects the standard vesting of equity compensation, aligning the CEO's interests with long-term shareholder value.
Negatives
- None identified; this is a routine regulatory disclosure regarding executive compensation.
Risks
- Vesting of performance stock units (PSUs) remains subject to the achievement of specific performance goals and continued employment conditions.
Future Outlook
The CEO maintains significant unvested equity, including multiple tranches of RSUs and PSUs scheduled to vest through 2028, contingent upon performance and employment.
Management Comments
- The filing confirms the issuance of shares for the vesting of the May 8, 2025, RSU grant and the disposal of shares to settle tax withholding obligations.
Industry Context
StockSavvy.ai notes that this is a standard Form 4 filing for a regional bank executive, indicating routine equity compensation management rather than a change in strategic direction or market sentiment.
Comparison to Industry Standards
- The use of RSU and PSU structures is consistent with standard executive compensation practices in the U.S. regional banking sector, similar to peers like East West Bancorp or Cathay General Bancorp.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine equity settlement.
Next Steps
- Continued monitoring of future RSU and PSU vesting dates as disclosed in the filing.
Key Dates
| Date | Description |
|---|---|
| 05/08/2026 | Date of RSU vesting and tax withholding transaction. |
| 07/20/2026 | Vesting date for a portion of remaining restricted stock units. |
| 02/21/2027 | Vesting date for a portion of remaining restricted stock units. |
| 03/20/2027 | Vesting date for a portion of remaining restricted stock units. |
| 05/08/2027 | Vesting date for the first installment of remaining RSUs. |
| 05/08/2028 | Vesting date for the second installment of remaining RSUs. |
Keywords
RBB Bancorp, RBB, Johnny Lee, Insider Trading, Form 4, Executive Compensation, RSU Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.