Michael Olague - 18 Nov 2022 Form 4 Insider Report for SIERRA BANCORP (BSRR)

Role
EVP/Chief Banking Officer
Signature
/s/ Michael Olague
Issuer symbol
BSRR
Transactions as of
18 Nov 2022
Transactions value $
-$4,882
Form type
4
Filing time
21 Nov 2022, 19:57:38 UTC
Previous filing
28 Oct 2022
Next filing
22 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSRR Common Stock Tax liability -$4,882 -229 -0.76% $21.32 29,869 19 Nov 2022 Direct F1
transaction BSRR Common Stock Award $0 +5,276 +21.26% $0 30,098 18 Nov 2022 Direct F2
transaction BSRR Common Stock Award $0 +3,517 +16.51% $0 24,822 18 Nov 2022 Direct F3
holding BSRR Common Stock 36,106 18 Nov 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock
F2 Represents an award of performance-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant. The number of shares vesting at the end of three years will be calculated based upon the level of achievement of the performance goal specified in the agreement underlying such grant.
F3 Represents an award of time-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan that vest ratably over three years, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant. 2