Christopher G. Treece - 16 Nov 2023 Form 4 Insider Report for SIERRA BANCORP (BSRR)

Role
EVP/Chief Financial Officer
Signature
/s/ Christopher G. Treece
Issuer symbol
BSRR
Transactions as of
16 Nov 2023
Net transactions value
-$15,514
Form type
4
Filing time
20 Nov 2023, 19:32:20 UTC
Previous filing
22 Aug 2023
Next filing
21 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSRR Common Stock Award $0 +3,975 +14% $0.000000 31,640 16 Nov 2023 Direct F1
transaction BSRR Common Stock Award $0 +5,963 +19% $0.000000 37,603 16 Nov 2023 Direct F2
transaction BSRR Common Stock Tax liability $11,134 -582 -1.5% $19.13 37,021 18 Nov 2023 Direct F3
transaction BSRR Common Stock Tax liability $4,381 -229 -0.62% $19.13 36,792 19 Nov 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of time-based restricted stock pursuant to a grant under the Issuer's 2023 Equity Incentive Plan that vest ratably over three years, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant.
F2 Represents an award of performance-based restricted stock pursuant to a grant under the Issuer's 2023 Equity 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 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.
F4 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.