Form 4: RBB Bancorp Executive Vincent Liu Reports Stock Transactions Following RSU Vesting

RBB Bancorp's Executive Vice President, Vincent Liu, reports the vesting of restricted stock units and subsequent stock transactions on January 21, 2025.

Summary

• Vincent Liu, an Executive Vice President at RBB Bancorp, reported transactions related to the vesting of restricted stock units (RSUs) on January 21, 2025.
• The transactions include the acquisition of 1,204 and 767 shares of common stock at a price of $20.09 per share due to RSU vesting.
• Additionally, 495 and 316 shares were disposed of at $20.09 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Liu's direct holdings are 13,167 shares of common stock.
• The RSUs that vested were granted on January 19, 2022, January 18, 2023, February 21, 2024 and March 20, 2024, and vest in three equal annual installments.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation and stock transactions, which is neutral to slightly positive as it indicates alignment of executive interests with shareholders.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a common form of executive compensation in publicly traded companies.
• The reporting of these transactions via SEC Form 4 is standard practice and ensures transparency in executive stock ownership.
• The tax withholding process is also a standard procedure when RSUs vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
• The transactions do not have a material impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

RSU Vesting, Stock Transactions, Beneficial Ownership, RBB Bancorp, Vincent Liu, Executive Compensation, SEC Form 4