Form 4: RBB Bancorp EVP Huang Tsu Te Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
EVP Huang Tsu Te reports the vesting of restricted stock units and subsequent tax withholding for RBB Bancorp.
Summary
- On February 21, 2025, Huang Tsu Te, an Executive Vice President at RBB Bancorp, reported transactions related to restricted stock units (RSUs).
- 744 shares of common stock were acquired upon the vesting of RSUs at a price of $17.25.
- 306 shares were disposed of to cover tax withholding obligations related to the RSU vesting, also at $17.25.
- Following these transactions, Huang Tsu Te directly owns 14,904 shares of RBB Bancorp common stock.
- The reported transactions relate to RSUs granted on 02/21/2024, which vest in three equal annual installments beginning one year after the grant date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the standard practice of granting stock-based compensation and managing tax implications.
Key Dates
| Date | Description |
|---|---|
| 01/18/2023 | Date of grant for restricted stock units vesting in three equal annual installments beginning one year after this date. |
| 02/21/2024 | Date of grant for restricted stock units vesting in three equal annual installments beginning one year after this date. |
| 02/21/2025 | Date of transaction: vesting of restricted stock units and disposal of shares for tax withholding. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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