Form 4: RBB Bancorp EVP Gary Fan Reports Stock and Options Transactions
SEC Form 4 Filing
Gary Fan, EVP/Chief Operations Officer of RBB Bancorp, reports the acquisition of restricted stock units and performance stock units.
Summary
- Gary Fan, the EVP/Chief Operations Officer of RBB Bancorp, filed a Form 4 with the SEC.
- The filing reports the acquisition of restricted stock units (RSUs) and performance stock units (PSUs) on May 8, 2025.
- Fan directly owns 1,451 shares of RBB Bancorp common stock.
- He also holds options for 18,000 shares with an exercise price of $21.17, vesting in equal annual installments starting December 5, 2023.
- The filing details several grants of RSUs and PSUs with varying vesting schedules and performance conditions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock and option transactions by an executive, indicating neutral sentiment.
Future Outlook
The performance stock units will vest conditionally based on the achievement of certain performance goals and continued employment over a three-year period.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 12/05/2022 | Date of grant for options vesting in five equal annual installments. |
| 02/21/2024 | Date of grant for 2,022 restricted stock units vesting in three equal installments. |
| 03/20/2024 | Date of grant for 2,629 restricted stock units vesting in three equal installments and 5,916 performance stock units. |
| 05/08/2025 | Date of grant for 4,667 restricted stock units and 7,000 performance stock units. |
| 05/12/2025 | Date of filing of the Form 4. |
| 12/20/2032 | Expiration date for stock options. |
Keywords
RBB Bancorp, Gary Fan, Form 4, SEC, Stock Options, Restricted Stock Units, Performance Stock Units, Beneficial Ownership, EVP, Chief Operations Officer
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