Robert G. Dyck - 01 Mar 2022 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role
CHIEF CREDIT OFFICER
Signature
/s/ Ido Dotan, Attorney-in-Fact for Robert G Dyck
Issuer symbol
BANC
Transactions as of
01 Mar 2022
Net transactions value
-$11,384
Form type
4
Filing time
03 Mar 2022, 16:33:26 UTC
Next filing
10 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Award $0 +4,741 +32% $0.000000 19,416 01 Mar 2022 Direct F1
transaction BANC Common Stock Award $0 +821 +4.2% $0.000000 20,237 01 Mar 2022 Direct F2
transaction BANC Common Stock Tax liability $11,384 -602 -3% $18.91 19,635 02 Mar 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units. Shares will be issued upon vesting and will vest annually, in substantially equal installments, over a three-year period beginning on March 1, 2023.
F2 On September 10, 2019, the Reporting Person was granted performance stock units ("PSUs"). Vesting of the PSUs was conditioned on the achievement of certain performance goals and an employment condition. On March 1, 2022, the Joint Compensation, Nominating and Corporate Governance Committee of the Issuer's Board of Directors determined that the performance goals had been satisfied, resulting in the reported PSUs being subject only to the employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on September 10, 2019 subject to the Reporting Person's satisfaction of the employment condition.
F3 Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.