Form 4: RBB Bancorp EVP Ashley Chang Reports Grant of Restricted Stock Units

Ashley Chang, EVP of RBB Bancorp, reports the grant of 2,002 restricted stock units (RSUs) vesting in three annual installments.

Summary

• Ashley Chang, an Executive Vice President at RBB Bancorp, filed a Form 4 with the SEC.
• The filing reports the grant of 2,002 restricted stock units (RSUs) on February 21, 2024.
• These RSUs will vest in three equal annual installments starting on February 21, 2025, and continuing on February 21, 2026, and February 21, 2027.
• Chang also directly owns 1,077 shares of RBB Bancorp common stock.
• Chang also holds options to buy 6,000 shares at $20.55, vesting from 01/22/2020 and options to buy 30,000 shares at $17.74, vesting from 01/21/2021.
• In addition to the newly granted RSUs, Chang already holds 398 RSUs vesting from 01/19/2022 and 1,150 RSUs vesting from 01/18/2023.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of executive compensation. It's neutral in tone and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the banking industry, aligning executive incentives with shareholder value.

Stakeholder Impact

• The grant of RSUs could have a slightly dilutive effect on existing shareholders, but it is intended to incentivize management performance and long-term value creation.

Key Dates