Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 515

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 5
Chunk 515
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 raise capital in the future, our ability to pay cash dividends to our stockholders would likely be limited. See “Item 1A. - Risk Factors” for a discussion regarding the holding company’s reliance on dividends from the Bank for substantially all of its income and as a result the primary source of funds for cash dividends to our preferred and common stockholders. During the year ended December 31, 2024, the holding company paid dividends in the amount of $68.3 million to its common stockholders and $39.8 million to its preferred stockholders. The Bank paid dividends of $80.0 million to the holding company during the year ended December 31, 2024. For a discussion of dividend restrictions on the Company's common stock, or of dividends from the Company's subsidiaries to the Company, see “Item 1. Business - Supervision and Regulation - Dividends and Share Repurchases” and Note 22. Dividend Availability and Regulatory Matters of the Notes to Consolidated Financial Statements contained in “Item 8. Financial Statements and Supplementary Data.”

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Securities Authorized for Issuance Under Equity Compensation Plans 

The following table provides information as of December 31, 2024 regarding securities issued and to be issued under our equity compensation plan in effect during fiscal year 2024: 

Number of SecuritiesWeighted Number of Securitiesto be Issued UponAverage ExerciseRemaining Available Exercise of Price of for Future Issuance OutstandingOutstandingUnder EquityOptions, Options, Compensation PlansWarrants, and Warrants, and (Excluding Securities RightsRightsReflected in Column (a))Plan CategoryPlan Name(a)(b)(c)Amended and RestatedEquity compensation Banc of California,plans approved byInc. 2018 Stock security holdersIncentive Plan (1)11,232 (2)$13.75 4,955,607 (3)Equity compensation plans not approved by security holdersNone— — — Total11,232 $13.75 4,955,607 

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(1)    The Amended and Restated Banc of California, Inc. 2018 Stock Incentive Plan (the “Amended and Restated 2018 Plan”) was approved by our stockholders at our November 22, 2023 Special Meeting of Stockholders, authorizing 10,717,882 shares for issuance. In addition to the Amended and Restated 2018 Plan,