Private Bancorp grants CEO Richard Sowers option for 30,000 shares at $85.65 strike price

Reuters2026/08/10 20:55

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Private Bancorp of America granted CEO Richard L. Sowers an option on Aug. 4, 2026 to buy 30,000 common shares.
Exercise price set at USD 85.65 per share; option expires on the 10th anniversary of the grant date.
Vesting tied to delivery of the company’s 2028 audited financial statements, performance goals in the award agreement, continued employment through vesting.
Award includes standard forfeiture provisions, including clawback terms for incentive compensation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Private Bancorp of America Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-342492), on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Private Bancorp grants CEO Richard Sowers option for 30,000 shares at $85.65 strike price

You may also like

Crypto prices