Form 4: RBB Bancorp Director Bill Bennett Reports Vesting of Restricted Stock Units
SEC Form 4
Director Bill Bennett reports the vesting of 700 restricted stock units of RBB Bancorp on May 16, 2024.
Summary
- On May 16, 2024, Bill Bennett, a director of RBB Bancorp, reported the vesting of 700 restricted stock units.
- These units converted into common stock with no par value.
- Following the transaction, Mr. Bennett directly owns 700 restricted stock units.
- The restricted stock units vest in two installments: 700 vested immediately on the grant date and 700 will vest one year from the grant date.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting the vesting of previously granted stock units.
Positives
- The vesting of restricted stock units aligns the director's interests with those of the shareholders.
Industry Context
This is a routine disclosure related to executive compensation and is common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Vesting of 700 restricted stock units. |
| 05/16/2024 | Date of signature. |
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