Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 295

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 295
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 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, 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.

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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