Robert D. Sznewajs - 11 May 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: Director
Signature: /s/ Ido Dotan, Attorney-in-Fact for Robert D Sznewajs
Issuer symbol: BANC
Transactions as of: 11 May 2023
Net transactions value: $0
Form type: 4
Filing time: 12 May 2023, 20:02:08 UTC
Previous filing: 04 May 2023
Next filing: 03 Aug 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	+6,863	+118%	$0.000000	12,656	11 May 2023	Direct	F1
holding	BANC	Common Stock						81,008	11 May 2023	By the Robert D. Sznewajs Revocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BANC	Stock Option	2,808	11 May 2023	Common Stock	2,808	$13.75	Direct	F2
holding	BANC	Stock Option	918	11 May 2023	Common Stock	918	$10.90	Direct	F2
holding	BANC	Stock Options	2,808	11 May 2023	Common Stock	2,808	$13.75	Direct	F2
holding	BANC	Stock Options	918	11 May 2023	Common Stock	918	$10.90	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date.
F2	Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2014 and July 1, 2015 (the "Option Agreements"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreements), this award will automatically become fully vested.

Content

Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date.

Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2014 and July 1, 2015 (the "Option Agreements"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreements), this award will automatically become fully vested.