4/A: RBB Bancorp EVP Corrects Stock Unit Holdings
Amendment to Insider Trading Report
Jeffrey Yeh, EVP of RBB Bancorp, filed an amended Form 4 to correct previously reported restricted and performance stock unit grants and clarify settlement in common stock.
Summary
- Jeffrey Yeh, Executive Vice President of RBB Bancorp, filed an amended Form 4 to correct errors in a previous filing.
- The amendment addresses an administrative error in a Form 4 filed on May 12, 2025, which inadvertently omitted transactional information and overstated RSU and PSU grants made on May 8, 2025.
- The filing also clarifies that all RSU and PSU grants will be settled in common stock.
- The number of remaining Restricted Stock Units from the March 20, 2024, grant was corrected to 2,652 units, an increase from the previously reported 2,143 units.
- New grants on May 8, 2025, include 4,394 Restricted Stock Units and 6,589 Performance Stock Units.
- Existing holdings include 842 Restricted Stock Units from a January 18, 2023, grant, 1,843 Restricted Stock Units from a February 21, 2024, grant, and 5,967 Performance Stock Units from a March 20, 2024, grant.
Sentiment
Score: 5
Explanation: Neutral. The filing is an administrative correction of previously reported equity compensation, which is a routine compliance matter. It does not introduce new positive or negative operational or financial information, but the correction itself is a positive for transparency.
Positives
- Correction of administrative errors enhances transparency and accuracy of insider holdings.
- Clarification that Restricted Stock Units and Performance Stock Units will be settled in common stock provides clarity to investors.
Negatives
- The initial administrative error in reporting required an amendment, indicating a minor internal reporting oversight.
Future Outlook
The vesting schedules for the various Restricted Stock Units and Performance Stock Units extend into future years, indicating continued equity incentives for the EVP. Performance Stock Units are contingent on achieving certain performance goals over a three-year period.
Industry Context
This administrative filing is specific to an individual's equity compensation and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Provides accurate and updated information regarding an executive's equity compensation, enhancing transparency.
- Employees: Reinforces the company's use of equity incentives for executive retention and performance alignment.
Next Steps
- The Restricted Stock Units and Performance Stock Units will vest according to their respective schedules, subject to employment and performance conditions.
Key Dates
| Date | Description |
|---|---|
| 01/18/2023 | Date of grant for 842 Restricted Stock Units. |
| 02/21/2024 | Date of grant for 1,843 Restricted Stock Units. |
| 03/20/2024 | Date of grant for 2,652 Restricted Stock Units (corrected amount) and 5,967 Performance Stock Units. |
| 05/08/2025 | Date of earliest transaction, including grants of 4,394 Restricted Stock Units and 6,589 Performance Stock Units. |
| 05/12/2025 | Date a Form 4 was filed that contained administrative errors, specifically overstating RSU and PSU grants from May 8, 2025, and omitting transactional information. |
| 06/04/2025 | Date of the original Form 4 filing that this amendment (Form 4/A) is correcting. |
| 01/22/2026 | Signature date of the amended Form 4/A. |
Keywords
RBB Bancorp, RBB, Jeffrey Yeh, Form 4/A, SEC filing, Restricted Stock Units, Performance Stock Units, Insider Trading, Beneficial Ownership, Equity Compensation, Executive Compensation
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