Form 4: RBB Bancorp EVP Jeffrey Yeh's Stock Vesting & Tax Settlement
Insider Transaction Report
RBB Bancorp EVP Jeffrey Yeh reported the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations.
Summary
- Jeffrey Yeh, Executive Vice President (EVP) of RBB Bancorp, reported changes in his beneficial ownership of company securities.
- On February 20, 2026, 922 shares of Common Stock were acquired due to the vesting of Restricted Stock Units (RSUs) at a price of $22.2 per share.
- Concurrently, 380 shares of Common Stock were disposed of at $22.2 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Jeffrey Yeh directly beneficially owns 58,184 shares of Common Stock.
- The filing details several outstanding Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) with various future vesting schedules.
- An amendment was made to clarify a previous Form 4 filed on May 12, 2025, which contained an administrative error regarding omitted information and overstated RSU/PSU grants on May 8, 2025.
- It was clarified that grants of RSUs and PSUs will be settled in common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard executive compensation transaction involving the vesting of equity awards and subsequent tax-related share disposal.
Positives
- Vesting of 922 Restricted Stock Units (RSUs) for EVP Jeffrey Yeh, indicating the successful achievement of employment conditions for that tranche of awards.
Negatives
- NA
Risks
- NA
Future Outlook
Future vesting of various Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) is scheduled, with some PSUs conditional on achieving specific performance goals and continued employment over three-year periods.
Management Comments
- Shares issued for vesting of 2/21/2024 RSU grant and shares disposed in settlement of tax withholding obligations for such RSU vesting.
Industry Context
StockSavvy.ai notes that Form 4 filings provide transparency into executive compensation and insider holdings, which are standard practices across the financial services industry and can offer minor insights into executive sentiment and incentive alignment.
Comparison to Industry Standards
- The vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) is a common executive compensation practice across the financial services industry, aligning executive incentives with shareholder value creation and retention.
Stakeholder Impact
- Shareholders: Minor dilution from RSU vesting, but also aligns executive incentives with company performance.
- Employees: Demonstrates the company's executive compensation structure and equity award programs.
Next Steps
- Remaining Restricted Stock Units (RSUs) granted on 02/21/2024, 03/20/2024, and 05/08/2025 will vest in equal annual installments.
- Performance Stock Units (PSUs) granted on 03/20/2024 and 05/08/2025 will vest at the expiration of their respective three-year periods, subject to performance goals and employment conditions.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Grant date for Restricted Stock Units (RSUs) that vest in three equal annual installments. |
| 03/20/2024 | Grant date for Restricted Stock Units (RSUs) that vest in three equal annual installments. |
| 03/20/2024 | Start of a three-year period for Performance Stock Units (PSUs) to vest conditionally on performance goals and employment. |
| 05/08/2025 | Grant date for Restricted Stock Units (RSUs) that vest in three equal annual installments. |
| 05/08/2025 | Start of a three-year period for Performance Stock Units (PSUs) to vest conditionally on performance goals and employment. |
| 05/12/2025 | Date of original Form 4 filing that contained an administrative error regarding RSU and PSU grants. |
| 02/20/2026 | Transaction date for RSU vesting and subsequent disposal of shares for tax withholding. |
| 02/24/2026 | Signature date of the reporting person for this Form 4. |
Keywords
RBB Bancorp, RBB, Jeffrey Yeh, Form 4, SEC filing, insider trading, stock vesting, RSU, PSU, executive compensation, beneficial ownership
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