Jared M. Wolff - Mar 9, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Signature
/s/ Ido Dotan, Attorney-in-Fact for Jared M Wolff
Stock symbol
BANC
Transactions as of
Mar 9, 2023
Transactions value $
-$54,015
Form type
4
Date filed
3/10/2023, 03:18 PM
Previous filing
Mar 3, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Tax liability -$54K -3.22K -1.38% $16.78 230K Mar 9, 2023 Direct F1
holding BANC Common Stock 50.1K Mar 9, 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 Mar 9, 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 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) 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.