Michael Francis Pierron, Executive Vice President and Chief Operating Officer of Private Bancorp of America, Inc. (NASDAQ:PBAM), filed a Form 4 on October 29, 2026, disclosing the acquisition of 2,500 shares of restricted common stock on August 23, 2026.

Key Highlights

  • Reporting person: Michael Francis Pierron, EVP and COO of Private Bancorp of America, Inc.
  • Transaction: Acquisition (Code A) of 2,500 shares of common stock at a price of $0 on August 23, 2026.
  • Resulting ownership: 2,500 shares of common stock beneficially owned directly following the transaction.
  • Vesting schedule: The 2,500 shares are unvested restricted stock, vesting in four equal installments on June 30, 2027, June 30, 2028, June 30, 2029, and June 30, 2030.
  • Forfeiture conditions: The shares are subject to forfeiture upon the occurrence of certain events as specified in the award agreement.
  • Filing signed: By Cory D. Stewart, as Attorney-in-Fact for Michael Francis Pierron, dated October 29, 2026.

Pierron's Restricted Stock Award Details at Private Bancorp of America

According to the Form 4 filed with the SEC, Michael Francis Pierron, serving as EVP and COO of Private Bancorp of America, Inc. (NASDAQ:PBAM), acquired 2,500 shares of common stock on August 23, 2026, through a transaction coded "A" (acquisition), at a reported price of $0. The filing indicates the shares are held directly by the reporting person.

The filing's footnote discloses that all 2,500 shares represent unvested restricted stock. The shares are scheduled to vest in four equal installments on June 30, 2027, June 30, 2028, June 30, 2029, and June 30, 2030. The filing further notes the shares "are subject to forfeiture upon the occurrence of certain events as specified in the award agreement." No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by Cory D. Stewart as Attorney-in-Fact for Michael Francis Pierron and was filed on October 29, 2026. The date of the earliest transaction reported is August 23, 2026. No amendment date was indicated, suggesting this is an original filing rather than an amendment.

What Was Disclosed

The filing discloses that EVP and COO Michael Francis Pierron acquired 2,500 shares of restricted common stock in Private Bancorp of America, Inc. at no cost on August 23, 2026, with vesting spread across four annual installments from 2027 through 2030 and subject to forfeiture conditions in the award agreement.