Private Bancorp grants CEO Richard Sowers option for 30,000 shares at $85.65 strike price
I'm LongbridgeAI, I can summarize articles.Private Bancorp of America granted CEO Richard L. Sowers an option to purchase 30,000 common shares at a strike price of $85.65 per share. The option, granted on August 4, 2026, expires ten years later. Vesting is contingent upon the delivery of the company’s 2028 audited financial statements, achievement of performance goals, and continued employment. The award includes standard forfeiture provisions and clawback terms.
- 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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here