Jared M. Wolff - Mar 1, 2022 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Ido Dotan, Attorney-in-Fact for Jared M Wolff
Stock symbol
BANC
Transactions as of
Mar 1, 2022
Transactions value $
-$64,426
Form type
4
Date filed
3/3/2022, 04:34 PM
Previous filing
Jan 27, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Award $0 +24.5K +11.92% $0.00 230K Mar 1, 2022 Direct F1
transaction BANC Common Stock Award $0 +4.32K +1.88% $0.00 234K Mar 1, 2022 Direct F2
transaction BANC Common Stock Tax liability -$64.4K -3.41K -1.45% $18.91 231K Mar 2, 2022 Direct F3
holding BANC Common Stock 50.1K Mar 1, 2022 By the Wolff Family Trust
* 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 April 29, 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 April 29, 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.