secwatch.observer — SEC 8-K summary
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Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2021-12-29T23:59:59+00:00
Accession:  0001423869-21-000050
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PCB Bancorp amends CEO Henry Kim's employment agreement; base salary $450k, 25k RSUs
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- Base salary set at $450,000 per year.
- Award of 25,000 restricted stock units on Jan 1, 2022, vesting 20% annually over 5 years.
- Enhanced severance: if terminated without cause, salary continues up to one year if >6 months remain, else 6 months.
- Previously severance was only 6 months if >6 months remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386921000050/0001423869-21-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386921000050/pcb-20211228.htm
  HTML page:      https://secwatch.observer/filing/0001423869-21-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer