Private Bancorp of America, Inc. — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
On August 4, 2026, Private Bancorp of America granted CEO Richard L. Sowers 30,000 options at $85.65/share under the 2026 Omnibus Equity Incentive Plan. Vesting is performance-based, contingent on three-year earnings growth targets (5% annual EPS increases in 2026–2028), with cliff vesting when 2028 audited financials are delivered. All unvested options accelerate to full vesting upon a Change in Control Termination per his May 22, 2026 employment agreement.
Why this rating
Routine executive equity award; no dollar value disclosed, company size unknown, standard vesting/acceleration terms. No material change to business or financial position.
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