Restricted stock awards for Sierra Bancorp (BSRR) EVP/CRO Natalia Coen

Rhea-AI Filing Summary

Sierra Bancorp executive Natalia M. Coen, EVP and Chief Risk Officer, reported stock awards in the form of restricted common shares. On February 12, 2026, she acquired 3,651 time-based restricted shares and 1,217 performance-based restricted shares at a stated price of $0 per share under the 2023 Equity Incentive Plan.

The time-based award vests in equal installments over three years, while the performance-based award will vest after three years based on achievement of a specified performance goal. Following these grants, Coen directly beneficially owned 27,489 shares of Sierra Bancorp common stock.

Insights

Equity compensation analyst

Executive received time- and performance-based stock awards, a routine incentive grant.

The filing shows Natalia M. Coen, EVP/CRO of Sierra Bancorp, receiving two equity awards under the 2023 Equity Incentive Plan. She was granted 3,651 time-based restricted shares and 1,217 performance-based restricted shares on February 12, 2026, both at a stated price of $0 per share.

The time-based grant vests ratably over three years. The performance-based grant will vest after three years depending on the level of achievement of a specified performance goal, introducing an explicit performance linkage. After these grants, she directly held 27,489 common shares. These awards appear to be standard executive compensation rather than a market transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Coen Natalia M

(Last) (First) (Middle)

86 NORTH MAIN STREET

(Street)

PORTERVILLE CA 93257

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIERRA BANCORP [ BSRR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP/CRO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/12/2026		A		3,651	A	$0(1)	26,272	D
Common Stock	02/12/2026		A		1,217	A	$0(2)	27,489	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

	/s/ Natalia M. Coen	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Sierra Bancorp (BSRR) executive Natalia Coen report in this Form 4?

Natalia M. Coen, EVP/CRO of Sierra Bancorp, reported receiving two restricted stock awards. She acquired 3,651 time-based restricted shares and 1,217 performance-based restricted shares of common stock as equity compensation under the company’s 2023 Equity Incentive Plan.

How many Sierra Bancorp (BSRR) shares does Natalia Coen own after these grants?

After the reported grants, Natalia M. Coen directly beneficially owned 27,489 shares of Sierra Bancorp common stock. This total reflects both the newly awarded restricted shares and her prior holdings, all reported as direct ownership in the Form 4 filing.

What are the terms of the time-based restricted stock granted to the Sierra Bancorp EVP?

The time-based restricted stock award to the Sierra Bancorp EVP consists of 3,651 shares that vest ratably over three years. These shares are subject to forfeiture if certain events occur, as detailed in the underlying grant agreement under the 2023 Equity Incentive Plan.

How is the performance-based restricted stock for Sierra Bancorp (BSRR) structured?

The performance-based award is 1,217 restricted shares that may vest at the end of three years. The final number vesting will depend on the level of achievement of a specified performance goal, with the shares subject to forfeiture under the grant agreement.

Was this Form 4 transaction a market purchase or sale of Sierra Bancorp stock?

The Form 4 reports equity awards, not market trades. Both transactions are coded as grants or other acquisitions at a price of $0 per share, reflecting restricted stock awards under Sierra Bancorp’s 2023 Equity Incentive Plan rather than open-market buying or selling.

What role does the Sierra Bancorp 2023 Equity Incentive Plan play in this Form 4?

The 2023 Equity Incentive Plan is the source of both reported awards. It provided the framework for granting 3,651 time-based and 1,217 performance-based restricted shares to the EVP/CRO, including vesting schedules and forfeiture conditions described in the underlying grant agreements.