John K. Sotoodeh - Jan 1, 2023 Form 3 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: Chief Operating Officer
Signature: /s/ Ido Dotan, Attorney-in-Fact for John K Sotoodeh
Stock symbol: BANC
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 1/6/2023, 03:03 PM
Next filing: Feb 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BANC	Common Stock						30.8K	Jan 1, 2023	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							Jan 1, 2023	Common Stock	62.5K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 14,635 restricted stock units ("RSUs"), granted to the Reporting Person as follows: (A) On March 1, 2022, the Reporting Person was granted RSUs representing 6,701 shares, which will be issued upon vesting and will vest annually, in substantially equal installments, over a three-year period, beginning on March 1, 2023; (B) On March 9, 2021, the Reporting Person was granted RSUs, of which 4,020 shares remain to be issued upon vesting and will vest annually, in two substantially equal installments on March 9, 2023 and 2024; and (C) On March 2, 2020, the Reporting Person was granted RSUs, of which 3,914 shares remain to be issued upon vesting and will vest annually, in two substantially equal installments on March 2, 2023 and 2024.
F2	Represents performance-based restricted stock units granted to the Reporting Person on June 6, 2022. Shares will be issued upon achievement of both (a) the Issuer'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) the Reporting Person's continued service through the fourth anniversary of the grant.

Content

Includes 14,635 restricted stock units ("RSUs"), granted to the Reporting Person as follows: (A) On March 1, 2022, the Reporting Person was granted RSUs representing 6,701 shares, which will be issued upon vesting and will vest annually, in substantially equal installments, over a three-year period, beginning on March 1, 2023; (B) On March 9, 2021, the Reporting Person was granted RSUs, of which 4,020 shares remain to be issued upon vesting and will vest annually, in two substantially equal installments on March 9, 2023 and 2024; and (C) On March 2, 2020, the Reporting Person was granted RSUs, of which 3,914 shares remain to be issued upon vesting and will vest annually, in two substantially equal installments on March 2, 2023 and 2024.

Represents performance-based restricted stock units granted to the Reporting Person on June 6, 2022. Shares will be issued upon achievement of both (a) the Issuer'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) the Reporting Person's continued service through the fourth anniversary of the grant.