BayCom adopts 2026 performance stock unit program for senior executives

BayCom adopted a 2026 Performance Stock Unit Program for senior executives under its 2024 Omnibus Incentive Plan.

• Each PSU converts into 0.5 share of common stock plus cash equal to the fair value of 0.5 share at settlement.
• Units vest only if the stock’s volume-weighted average price meets a set threshold for 20 consecutive trading days.
• Earned “Banked PSUs” settle after the third anniversary of grant, split 50% stock and 50% cash valued on the settlement date.
• Change-in-control treatment depends on replacement awards; otherwise, settlement occurs on the effective date, split 50% stock and 50% cash.