Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 516

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 5
Chunk 516
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 in connection with the Merger, the Company assumed the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the "PacWest 2017 Plan") with respect to PacWest's outstanding stock-based awards.   

(2)     Amount does not include 1,759,335 shares of unvested time-based restricted stock units and 2,283,531 of unvested PSUs granted under the Amended and Restated 2018 Plan and 211,206 unvested time-based restricted shares outstanding under the PacWest 2017 Plan as of December 31, 2024.

(3)    The Amended and Restated 2018 Plan permits these remaining shares to be issued in the form of options, PSUs, RSUs, restricted stock, or stock appreciation rights.

55

Recent Sales of Unregistered Securities 

None.

Repurchases of Common Stock

The following table presents stock repurchases we made during the fourth quarter of 2024:

Total Number of Maximum Dollar Shares PurchasedValue of SharesTotal as Part of That May YetNumber of AveragePublicly Be PurchasedShares Price PaidAnnouncedUnder thePurchase DatesPurchased (1) Per ShareProgram (2)Program (2)(Dollars in thousands, except per share amounts)October 1 - October 31, 2024884 $14.01 — $— November 1 - November 30, 20249,018 $15.41 — $— December 1 - December 31, 2024383 $16.72 — $— Total10,285 $15.34 — 

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(1)    Includes shares repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of Company stock awards. 

(2)    On February 9, 2023, the Company's Board of Directors approved a stock repurchase program to buy back shares of its common stock for an aggregate purchase price not to exceed $35 million, which expired on February 9, 2024. 

Five-Year Stock Performance Graph 

The following chart and related discussion are being furnished solely to accompany this Annual Report on Form 10-K pursuant to Item 201(e) of Regulation S-K and shall not be deemed to be “soliciting materials” or “filed” with the SEC (other than as provided