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Sierra Bancorp (BSRR) CEO granted new three-year restricted stock awards

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

McPhaill Kevin J reported acquisition or exercise transactions in this Form 4 filing.

Sierra Bancorp President/CEO Kevin J. McPhaill received new restricted stock awards in the company’s common stock. On February 12, 2026, he was granted 6,602 time-based restricted shares and 6,602 performance-based restricted shares at a price of $0 per share under the 2023 Equity Incentive Plan.

The time-based award vests ratably over three years, while the performance-based award will vest after three years based on achievement of a specified performance goal. After these grants, one reported direct holding increased to 69,165 common shares, and another direct holding of 20,699 shares was also reported.

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Insider McPhaill Kevin J
Role President/CEO
Type Security Shares Price Value
Grant/Award Common Stock 6,602 $0.00 --
Grant/Award Common Stock 6,602 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 62,563 shares (Direct)
Footnotes (1)
  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. 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.
Form 4 Insider Transactions: What Each Field Means →
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
McPhaill Kevin J
(Last) (First) (Middle)
86 N. 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)
President/CEO
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 6,602 A $0(1) 62,563 D
Common Stock 02/12/2026 A 6,602 A $0(2) 69,165 D
Common Stock 20,699 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/ Kevin J. McPhaill 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sierra Bancorp (BSRR) report for February 12, 2026?

Sierra Bancorp (BSRR) reported restricted stock awards to its President/CEO. Kevin J. McPhaill received two grants of 6,602 common shares each on February 12, 2026, under the 2023 Equity Incentive Plan, at a stated price of $0 per share.

How many Sierra Bancorp (BSRR) shares did the CEO acquire in this Form 4?

The CEO acquired a total of 13,204 restricted shares of Sierra Bancorp common stock. This consists of 6,602 time-based restricted shares and 6,602 performance-based restricted shares, all granted on February 12, 2026, with a grant price of $0 per share.

What are the vesting terms of the Sierra Bancorp (BSRR) restricted stock awards?

The time-based award vests ratably over three years. The performance-based restricted stock vests at the end of three years, with the number of shares earned determined by the level of achievement of a specified performance goal in the grant agreement.

Under which plan were the new Sierra Bancorp (BSRR) stock awards granted?

The awards were granted under Sierra Bancorp’s 2023 Equity Incentive Plan. Both the time-based and performance-based restricted stock grants are subject to forfeiture if certain events described in the underlying grant agreements occur during the vesting period.

How many Sierra Bancorp (BSRR) shares does the CEO directly own after these grants?

Following the reported transactions, one direct holding increased to 69,165 common shares. The filing also reports a separate direct holding of 20,699 common shares, each shown as non-derivative, directly owned positions in Sierra Bancorp stock.

What is the nature of the performance-based restricted stock for Sierra Bancorp (BSRR)?

The performance-based restricted stock vests based on a specific performance goal. After three years, the actual number of shares that vest will be calculated using the achievement level of the performance goal detailed in the related grant agreement.