John K. Sotoodeh - Feb 23, 2023 Form 4 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: Feb 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/27/2023, 03:16 PM
Previous filing: Jan 6, 2023
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	+8.18K	+26.53%	$0.00	39K	Feb 23, 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						62.5K	Feb 23, 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	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.