Robert G. Dyck - Sep 10, 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
Stock symbol
BANC
Transactions as of
Sep 10, 2022
Transactions value $
-$21,678
Form type
4
Date filed
9/12/2022, 09:56 PM
Previous filing
Jun 8, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Tax liability -$21.7K -1.23K -6.47% $17.61 17.8K Sep 10, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BANC Performance Stock Units 29.5K Sep 10, 2022 Common Stock 29.5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
F2 Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Banc's common stock achieving a twenty-day Volume Weighted Average Price of $35 per share within four years from the date of grant and (b) Reporting Persons' continued service through the fourth anniversary of the grant.