California BanCorp (BCAL) COO logs routine tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California BanCorp EVP and COO Michelle Wirfel reported a routine tax-related share disposition. She disposed of 154 shares of Common Stock at $18.38 per share to satisfy tax liabilities from a previously vested equity award. After this transaction, she directly holds 87,997.93 shares of California BanCorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wirfel Michelle
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 154 | $18.38 | $3K |
Holdings After Transaction:
Common Stock — 87,997.93 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed for tax: 154 shares
Disposition price per share: $18.38 per share
Shares held after transaction: 87,997.93 shares
3 metrics
Shares disposed for tax
154 shares
Tax-withholding disposition on Common Stock
Disposition price per share
$18.38 per share
Price for tax-withholding share disposition
Shares held after transaction
87,997.93 shares
Direct Common Stock holdings following Form 4 transaction
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, vesting of a previously granted award
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering""
vesting of a previously granted award financial
"footnote: "tax liability by the vesting of a previously granted award""
FAQ
What insider transaction did California BanCorp (BCAL) report for Michelle Wirfel?
California BanCorp reported that EVP and COO Michelle Wirfel disposed of 154 shares of Common Stock. The transaction was a tax-withholding disposition tied to the vesting of a previously granted equity award, rather than an open-market trade or discretionary sale of shares.
Was the California BanCorp (BCAL) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 uses code F and describes it as a tax-withholding disposition, where 154 shares were delivered to satisfy tax liabilities arising from the vesting of an earlier stock-based compensation award granted to Michelle Wirfel.
What does transaction code F mean in the California BanCorp (BCAL) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 154 California BanCorp Common Stock shares were disposed of to cover Michelle Wirfel’s tax obligations tied to a vested award, rather than representing a discretionary buy or sell decision.