Jared M. Wolff - Feb 23, 2023 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: Feb 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/27/2023, 03:15 PM
Previous filing: Jun 8, 2022
Next filing: Mar 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Award	$0	+27.1K	+13.46%	$0.00	229K	Feb 23, 2023	Direct	F1
holding	BANC	Common Stock						50.1K	Feb 23, 2023	By the Wolff Family Trust

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						279K	Feb 23, 2023	Common Stock	279K		Direct	F2

* 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 February 23, 2024.
F2	Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) 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 Persons' continued service through the fourth anniversary of the grant.