John K. Sotoodeh - 23 Feb 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
Issuer symbol: BANC
Transactions as of: 23 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Feb 2023, 15:16:31 UTC
Previous filing: 06 Jan 2023
Next filing: 01 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Award	$0	+8,179	+27%	$0.000000	39,011	23 Feb 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						62,502	23 Feb 2023	Common Stock	62,502		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.