Form 4: RBB Bancorp EVP/CFO Lynn Hopkins Reports Stock Unit Grants
SEC Form 4 Filing
Lynn Hopkins, EVP/CFO of RBB Bancorp, reports the grant of restricted stock units (RSUs) and performance stock units (PSUs) on May 8, 2025.
Summary
- Lynn Hopkins, the EVP/CFO of RBB Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the grant of restricted stock units (RSUs) and performance stock units (PSUs) on May 8, 2025.
- Hopkins directly owns 2,337 shares of RBB Bancorp common stock.
- The reported PSUs represent the maximum award that may be achieved and ultimately vest.
- The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It suggests alignment of management and shareholder interests, which is generally viewed positively.
Positives
- The grant of stock units aligns the executive's interests with those of the shareholders.
Future Outlook
The performance stock units will vest conditionally based on the achievement of certain performance goals over a three-year period.
Industry Context
Granting stock options and restricted stock units to executives is a common practice in the banking industry to incentivize performance and align management's interests with those of shareholders.
Comparison to Industry Standards
- Stock-based compensation is a standard practice among publicly traded companies, including regional banks like RBB Bancorp.
- Comparable companies often use a mix of time-based and performance-based vesting schedules for equity grants to executives.
Stakeholder Impact
- The grant of stock units could potentially increase shareholder value if the executive's performance leads to improved company results.
- The stock grants incentivize the executive to work towards the long-term success of the company.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of grant for 3,756 Restricted Stock Units vesting in three equal annual installments and 8,451 Performance Stock Units vesting conditionally over three years. |
| 04/22/2024 | Date of grant for 7,666 Restricted Stock Units vesting in five equal annual installments. |
| 05/08/2025 | Date of grant for 7,517 Restricted Stock Units vesting in three equal annual installments and 11,275 Performance Stock Units vesting conditionally over three years. |
| 05/09/2025 | Date of Earliest Transaction |
| 05/12/2025 | Date of signature for the Form 4 filing. |
Keywords
RBB Bancorp, Lynn Hopkins, Form 4, Stock Units, PSUs, RSUs, Beneficial Ownership, EVP/CFO
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