Form 4: RBB Bancorp EVP Jeffrey Yeh Reports RSU Vesting
SEC Form 4 Filing
Jeffrey Yeh, EVP of RBB Bancorp, reports the vesting of restricted stock units and the disposal of shares for tax obligations.
Summary
- Jeffrey Yeh, an Executive Vice President at RBB Bancorp, filed a Form 4 on February 25, 2025.
- The report details transactions related to the vesting of restricted stock units (RSUs).
- On February 21, 2025, 922 shares of common stock were acquired at a price of $17.25 due to RSU vesting.
- Also on February 21, 2025, 379 shares were disposed of to cover tax withholding obligations related to the RSU vesting, also at $17.25.
- Following these transactions, Yeh directly owns 55,949 shares of RBB Bancorp common stock.
- The report also details Yeh's holdings of various restricted stock units and performance stock units (PSUs) with different vesting schedules.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not convey any particularly positive or negative sentiment. It simply reports transactions related to executive compensation.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs impacts shareholders by increasing the number of outstanding shares, though the effect is minimal in this instance.
- The transaction affects the executive, Jeffrey Yeh, by increasing his ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 01/18/2023 | Date of grant for some restricted stock units that vest in three equal annual installments beginning one year after this date. |
| 02/21/2024 | Date of grant for some restricted stock units that vest in three equal annual installments beginning one year after this date. |
| 03/20/2024 | Date of grant for some restricted stock units that vest in three equal annual installments beginning one year after this date and the beginning of the three-year period for performance stock units. |
| 02/21/2025 | Date of RSU vesting and related stock acquisition and disposal for tax obligations. |
| 02/25/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.