RBB.NASDAQRbb Bancorp
Form 4: RBB Bancorp Director Scott Polakoff Reports Stock Unit Vesting
Sentiment:
SEC Form 4
Director Scott Polakoff reports the vesting of restricted stock units in RBB Bancorp.
Summary
- On May 16, 2024, Scott Polakoff, a director of RBB Bancorp, reported the vesting of 900 restricted stock units.
- These units converted into 900 shares of common stock at a price of $0.
- Following the transaction, Polakoff directly owns 8,312 shares of RBB Bancorp common stock.
- Polakoff also directly owns 700 restricted stock units that vest in one year from the date of grant.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock unit vesting.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Vesting of restricted stock units and conversion to common stock. |
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