John K. Sotoodeh - Mar 9, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Signature
/s/ Ido Dotan, Attorney-in-Fact for John K Sotoodeh
Stock symbol
BANC
Transactions as of
Mar 9, 2023
Transactions value $
-$11,679
Form type
4
Date filed
3/10/2023, 03:20 PM
Previous filing
Mar 3, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Tax liability -$11.7K -696 -1.65% $16.78 41.4K Mar 9, 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 Mar 9, 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 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.