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Banking

California BanCorp Executive Compensation (FY25)

BCAL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
David Rainer
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Data as of October 22, 2026Latest filing (DEF 14A): April 14, 2026
5 filings cited on this page
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Published by Velarion Company Intelligence
California BanCorp brief$1,500Get the executive brief
Velarion Member, one year
138 figures on this page, cited to the filing that reported them. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Steven Shelton → David Rainer

Frequently asked questions

Answers drawn from the data on this page.
Who is California BanCorp's chief executive and what were they paid?
David Rainer, Chairman of the Board and Chief Executive Officer of the Company and Bank, received $2,830,368 in total compensation for fiscal 2025.
What was California BanCorp's say-on-pay result?
The company is an emerging growth company and is exempt from the advisory say-on-pay vote.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Rainer
Executive Chairman of the Board and Chief Executive Officer of the Company and Bank
◇◇◇———◇◇
Richard Hernandez
President of the Company and the Bank
◇◇◇———◇◇
Thomas Dolan
Executive Vice President Chief Financial Officer of the Company, and Chief Operating Officer of the Company and the Bank
◇◇◇———◇◇
Anne Williams
Executive Vice President, Chief Credit Officer of the Bank
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Rainer
Executive Chairman Chief Executive Officer
◇◇◇———◇◇
Thomas Dolan
Executive Vice President Chief Financial Officer of the Company, and Chief Operating Officer of the Company and the Bank
◇◇◇———◇◇
Richard Hernandez
President of the Company and the Bank
◇◇————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Sa
Former Executive Vice President and Chief Operating Officer
Departed during or after this year
◇—————◇◇
Steven Shelton
Former Director, Chief Executive Officer of the Company and Bank
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Rainer
Chairman of the Board and Chief Executive Officer of the Company and Bank
◇—◇—◇—◇◇
Steven Shelton
Former Director, Chief Executive Officer of the Company and Bank
Departed during or after this year
◇———◇—◇◇
Thomas Dolan
Executive Vice President Chief Financial Officer of the Company, and Chief Strategy Officer of the Bank
◇—◇—◇—◇◇
Richard Hernandez
President of the Company and the Bank
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David I. RainerRSU◇——◇——◇
Steven SheltonRSU◇—————◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Thomas DolanRSU◇◇——
RSU◇◇——
RSU◇◇——
Steven SheltonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Richard HernandezRSU◇◇——
RSU◇◇——
RSU◇◇——
David RainerRSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David Rainer
Chairman of the Board and Chief Executive Officer of the Company and Bank · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Thomas Dolan
Executive Vice President Chief Financial Officer of the Company, and Chief Strategy Officer of the Bank · Change-in-control agreement
Change-in-control multiple◇
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anne Williams
◇◇————◇
Rochelle G. Klein
◇◇————◇
Stephen A. Cortese
Lead independent director
◇◇————◇
Kevin J. Cullen
◇◇————◇
Andrew J. Armanino Jr
◇◇————◇
Dr. Lester Machado
◇◇———◇◇
David Volk
◇◇———◇◇
Frank D. Di Tomaso
◇◇————◇
Frank L. Muller
◇◇————◇
Richard Martin
◇—————◇
David I. Rainer served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
This company is an emerging growth company and is exempt from the advisory vote on executive compensation. There is no vote to report.

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Sample answer — “What is the CEO’s total compensation?”
- Steven Shelton (Former Director, Chief Executive Officer of the Company and Bank), FY2025 total compensation $2,374,109 (base salary $584,583) [exec_comp, SEC accession 0001795815-26-000012, filed 2026-04-14]

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What this page does not include

Everything above is a fact California BanCorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
138 figures on this page, cited to the filing that reported them.
138 cited to the filing

Documents cited

  1. 0001795815-26-000012
    Director Compensation · Proxy severance section · Summary Compensation Table
  2. 0001795815-25-000003
    Executive Compensation
  3. 0001628280-25-015957
    Employment Agreement
  4. 0001795815-24-000004
    Executive Compensation
  5. 0001795815-23-000006
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “California BanCorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BCAL (accessed 2026).
Short form: data: Velarion

The California BanCorp brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
5 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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The headline figures, each with its citation.
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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