Short answer
BayCom Corp (BCML) filed an 8-K current report with the SEC on July 22, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item EX-99.1 (Exhibit EX-99.1). New 2026 PSU program links executive compensation to sustained stock-price performance.
BayCom Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New 2026 PSU program links executive compensation to sustained stock-price performance
- Each PSU represents 0.5 share plus cash equal to 0.5 share’s value at settlement
- Market vesting requires 20 consecutive trading days above a specified threshold, with settlement after the third anniversary
- Banked PSUs receive dividend equivalents, increasing future executive compensation obligations
- Change-in-control treatment may accelerate settlement unless qualifying replacement awards are provided
Item EX-99.1 · Exhibit EX-99.1
- Market-based PSU award under BayCom’s 2024 Omnibus Incentive Plan, with 50% stock and 50% cash settlement
- Vesting requires BCML VWAP to meet the unspecified Appreciation Threshold Price for 20 consecutive trading days
- Settlement occurs on the third anniversary of grant, creating a three-year retention and share-price incentive
- Failure to meet the threshold by settlement causes complete forfeiture, increasing employee compensation risk
- Dividend equivalents accrue after vesting; involuntary termination may preserve a pro-rata award, while other departures forfeit it
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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