BANC OF CALIFORNIA, INC. (BANC-PF)

Insider Trading Filed: 2026-05-08

Key Insights

Director Joseph J Rice acquired 4,780 restricted stock units (RSUs) on 05/06/2026 as board compensation, vesting in one year, indicating continued board service commitment.
Rice's total beneficial ownership across direct and indirect holdings amounts to 45,917 shares (26,417 direct + 9,500 via trust + 10,000 via irrevocable trust), demonstrating significant personal stake in the company.
The acquisition was at $0.00 transaction price, reflecting a non-cash equity grant typical of director compensation rather than market-based insider buying activity.
No derivative securities or options were exercised, and this appears to be routine annual board compensation rather than a material insider transaction signaling management confidence.

Insider Trading Filed: 2026-05-08

Key Insights

Director Andrew Thau received 4,780 restricted stock units (RSUs) as board compensation on 05/06/2026, with vesting scheduled for one year from grant date, indicating continued board engagement.
The RSUs were granted at $0.00 price, representing a standard equity compensation arrangement rather than an open market acquisition, which is typical for director compensation plans.
Thau's total beneficial ownership increased to 46,282 shares following this transaction, demonstrating accumulated equity stake in the company through board service.
The transaction was executed through an attorney-in-fact (Ido Dotan), which is a routine administrative practice for insider filings but shows proper delegation of filing responsibilities.

Insider Trading Filed: 2026-05-08

Key Insights

Director Mary A Curran acquired 4,780 restricted stock units (RSUs) on 05/06/2026 with a $0.00 price, vesting in one year, indicating board compensation rather than open market purchase activity.
Curran's total beneficial ownership stands at 76,474 shares across direct holdings (10,663) and indirect holdings through trusts and IRAs, suggesting substantial long-term commitment to the company.
Recent activity includes dividend reinvestment plan purchases (1,375 shares in trust, 139 shares in IRA), demonstrating automatic reinvestment of dividends rather than discretionary insider buying.
The filing shows transfer of 5,366 previously direct shares into the Mary Allis Curran Trust, which appears to be estate planning or wealth management restructuring rather than a signal about company outlook.

Insider Trading Filed: 2026-05-08

Key Insights

Director John M Eggemeyer III acquired 4,780 restricted stock units (RSUs) on 05/06/2026 as board compensation, vesting in one year, indicating continued board engagement and confidence in the company's future direction.
Total beneficial ownership increased to 193,772 shares directly held plus 18,721 shares indirectly through an IRA, demonstrating substantial personal investment in Banc of California by this director.
The acquisition includes 298 shares through the Dividend Reinvestment Plan, suggesting the insider is actively reinvesting dividends and maintaining long-term commitment to the stock despite volatile market conditions.

Insider Trading Filed: 2026-05-08

Key Insights

Director Shannon F Eusey acquired 4,780 restricted stock units (RSUs) on 05/06/2026 with no monetary consideration, vesting in one year, indicating continued board compensation and confidence in the company.
Total beneficial ownership increased to 34,992 shares following the transaction, including 414 shares acquired through the company's Dividend Reinvestment Plan, demonstrating ongoing equity accumulation by a board member.
The RSU grant to a director is a routine compensation practice rather than a discretionary open-market purchase, which suggests confidence but provides less significant insight than direct stock purchases at market prices.

Insider Trading Filed: 2026-05-08

Key Insights

Director Vania E Schlogel acquired 4,780 restricted stock units (RSUs) on 05/06/2026 as compensation for board service, vesting in one year, indicating confidence in the company's direction.
Total beneficial ownership increased to 33,665 shares following the transaction, with 587 shares acquired through the Dividend Reinvestment Plan, demonstrating ongoing shareholder commitment.
The $0.00 transaction price reflects standard equity compensation practice for RSUs granted as board consideration rather than a market purchase, which is routine for director compensation arrangements.

Insider Trading Filed: 2026-05-08

Key Insights

Director Susan E. Lester acquired 4,780 restricted stock units (RSUs) on 05/06/2026 as board compensation, vesting one year from grant date, indicating standard director equity incentive practices.
Total beneficial ownership increased to 53,264 shares following the transaction, with 226 shares acquired through the company's Dividend Reinvestment Plan, demonstrating continued equity participation.
The $0.00 transaction price for RSUs reflects their nature as restricted stock grants rather than open market purchases, representing non-dilutive director compensation aligned with board service.

Insider Trading Filed: 2026-05-08

Key Insights

Director Paul Robert Burke acquired 4,780 restricted stock units (RSUs) on 05/06/2026 as board compensation, vesting in one year, indicating continued board service and company confidence in leadership.
Burke's total beneficial ownership of common stock increased to 64,507 shares following the transaction, with additional indirect holdings of 656 shares in an IRA and 985 shares in an MSB Trust, demonstrating meaningful personal investment in the company.
The filing includes dividend reinvestment activity (226 shares acquired through DRIP), suggesting the director is reinvesting distributions rather than taking cash, which is a modest positive signal of confidence in the stock.
Burke also holds 1,000 depository shares of Series F Preferred Stock indirectly through an IRA, diversifying his beneficial ownership across multiple security classes within BANC of California.

Insider Trading Filed: 2026-05-08

Key Insights

Director James Andrew Barker acquired 4,780 restricted stock units (RSUs) as board compensation on 05/06/2026, vesting in one year, indicating ongoing board engagement and alignment with shareholder interests.
Barker's total beneficial ownership stands at 48,907 shares directly plus 169,680 shares indirectly through the James A. Barker Living Trust, demonstrating substantial long-term commitment to BANC OF CALIFORNIA with approximately 218,587 total shares held.
The acquisition includes 875 shares through the Dividend Reinvestment Plan, suggesting the director is reinvesting dividends and taking a bullish stance on the company's future performance.

Current Report Filed: 2026-05-08

Key Insights

All ten director nominees were elected with strong majority support, with James A. Barker receiving the highest vote count (116.75M votes for) and Andrew Thau receiving the lowest (115.52M votes for), indicating stable board continuity with no significant shareholder dissent.
Ernst & Young LLP was ratified as independent auditor with overwhelming approval (129M votes for vs. 263K against), demonstrating strong investor confidence in the company's financial reporting and audit processes.
The Say-on-Pay proposal passed with 80.7% shareholder support (94.56M for vs. 22.54M against), though this represents notably lower approval compared to director elections, suggesting some investor concerns about executive compensation practices warrant monitoring.
Approval of the Second Amended and Restated 2018 Omnibus Stock Incentive Plan passed decisively (115.17M for vs. 2.22M against), providing management flexibility for future equity-based incentive programs and employee retention strategies.

Quarterly Report Filed: 2026-05-08

Key Insights

The filing is a Q1 2026 10-Q for Banc of California with period ending March 31, 2026, showing the company maintains a complex capital structure with multiple classes of common stock, preferred stock, and various derivative instruments including Credit Link Notes.
The document structure indicates detailed tracking of equity components across voting common stock, non-voting common stock equivalents, Class B nonvoting shares, and preferred stock classes, suggesting ongoing shareholder dilution management and equity compensation programs.
Multiple restricted stock-based compensation arrangements and share repurchase programs (noted as of March 23, 2026) are active, indicating management confidence in valuation while simultaneously attempting to manage shareholder dilution through buyback activities.

Insider Trading Filed: 2026-04-29

Key Insights

Chief Credit Officer Bryan M. Corsini sold 10,399 shares at $18.52 per share on April 29, 2026, reducing his direct holdings from approximately 94,109 shares to 83,710 shares, representing a 11% reduction in his position.
The sale appears to be a routine transaction rather than a distress sale, with the officer retaining a substantial stake of 83,710 shares, suggesting continued confidence in the company despite the divestment.
No Rule 10b5-1 trading plan was indicated for this transaction, suggesting this was a discretionary sale rather than a pre-planned systematic divestment program.
As Chief Credit Officer, this insider's selling activity in a financial institution warrants monitoring, though the moderate transaction size and maintained ownership position limit immediate concern.

Insider Trading Filed: 2026-04-29

Key Insights

Chief Credit Officer Bryan M Corsini sold 10,399 shares of BANC common stock on April 29, 2026 at $18.52 per share, generating approximately $192,400 in proceeds, which represents a routine insider sale rather than a distress signal.
Following the transaction, Corsini maintains beneficial ownership of 83,710 shares, indicating he retains substantial personal investment in the company and confidence in its direction despite the sale.
The sale appears to be part of a normal portfolio rebalancing or personal financial planning activity rather than a significant insider exit, given the executive's continued substantial shareholding of over 83,000 shares.

Current Report Filed: 2026-04-22

Key Insights

Banc of California announced Q1 2026 financial results on April 22, 2026, with earnings details to be discussed during a conference call on April 23, 2026, indicating routine quarterly earnings disclosure.
The company maintains two classes of publicly traded securities: common stock (BANC) and Series F Preferred Stock depositary shares (BANC/PF) on the NYSE, suggesting a diversified capital structure.
The filing is a standard 8-K for earnings announcement with no material events, agreements, or leadership changes disclosed, making this a routine quarterly reporting obligation.

Insider Trading Filed: 2026-04-01

Key Insights

The filing indicates that Karen Hon, the Chief Accounting Officer of Banc of California, Inc., disposed of 1,295 shares of common stock on March 31, 2026 to satisfy her tax liability from a previously granted award.
The reporting person's beneficial ownership of Banc of California, Inc. common stock decreased from 22,035 shares to 20,740 shares as a result of this transaction.
Insider transactions, especially selling activity, can provide insights into management's views on the company's prospects and valuation.

Current Report Filed: 2026-03-06

Key Insights

Banc of California filed a new universal shelf registration statement on Form S-3, replacing their previous 2023 registration statement.
The company filed a prospectus supplement for the resale of previously registered shares by certain selling shareholders, as required by a registration rights agreement.
The filing indicates the company is actively managing its capital structure and financing options to support its business.

Annual Report Filed: 2026-02-27

Key Insights

The company reported a decline in revenue and profitability over the past 3 years, indicating potential operational challenges that need to be addressed.
Insider selling activity appears to be elevated, which could signal concerns about the company's long-term prospects among key stakeholders.
The company's balance sheet appears to be strained, with increasing debt levels and limited cash reserves, which may impact its ability to invest in growth initiatives.

Insider Trading Filed: 2026-02-25

Key Insights

The reporting person, Karen Hon, was granted 11,215 shares of restricted stock units and 40,000 performance-based restricted stock units, indicating insider investment in the company.
The restricted stock units will vest annually over a three-year period, while the performance-based units are subject to the company's stock price reaching a certain target and the reporting person's continued service.
The insider's acquisition of a significant number of equity awards suggests their confidence in the company's future performance and alignment with shareholder interests.

Insider Trading Filed: 2026-02-25

Key Insights

Insider Bryan M. Corsini, the Chief Credit Officer of Banc of California, Inc., has acquired 15,583 shares of the company's common stock through a restricted stock unit grant, increasing his direct beneficial ownership to 100,472 shares.
The restricted stock units will vest annually in substantially equal installments over a three-year period, aligning Corsini's interests with those of the company and its shareholders.
Insider transactions, particularly those involving grants of equity-based compensation, can provide insights into management's confidence in the company's long-term prospects and their commitment to creating shareholder value.

Insider Trading Filed: 2026-02-25

Key Insights

The reporting person, Joseph Kauder, was granted 19,549 restricted stock units of Banc of California, Inc. (BANC) on February 24, 2026, vesting over a three-year period.
This grant of equity-based compensation indicates the company's commitment to retaining and incentivizing its Chief Financial Officer.
The reporting person's total direct ownership of Banc of California common stock increased to 79,543 shares following this transaction.

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