Sierra Bancorp Form 4 shows 13,990-share restricted stock award

Rhea-AI Filing Summary

Sierra Bancorp (BSRR) reported an equity compensation grant to its EVP/Chief Operations Officer on a Form 4. On 11/18/2025, the executive received an award of 13,990 shares of common stock as restricted stock under the company’s 2023 Stock Incentive Plan at a stated price of $0 per share.

The restricted shares vest in five equal annual installments on each anniversary of the grant date, meaning the executive earns a portion of the award each year over a five-year period. The award is subject to forfeiture if certain events occur as described in the underlying grant agreement, and no cash consideration was paid by the executive for this stock grant.

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^*

Wade William J

(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/Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		A		13,990	A	$0(1)	13,990	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. The reporting person acquired the shares as an award of restricted stock pursuant to a grant under the Issuer's 2023 Stock Incentive Plan. Such shares vest in five (5) equal annual installments on the anniversary date of the grant, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant. No consideration was paid by the reporting person for the award of restricted stock.

	/s/ William J Wade	11/18/2025
	** 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 insider transaction did Sierra Bancorp (BSRR) report on this Form 4?

Sierra Bancorp reported that its EVP/Chief Operations Officer received an award of 13,990 shares of common stock as restricted stock on 11/18/2025.

What type of shares were granted to the Sierra Bancorp (BSRR) executive?

The executive received restricted stock under Sierra Bancorp’s 2023 Stock Incentive Plan, rather than open-market purchases or option exercises.

How do the 13,990 restricted shares for BSRR’s EVP/COO vest over time?

The 13,990 restricted shares vest in five equal annual installments on each anniversary of the 11/18/2025 grant date, subject to the grant agreement terms.

Did the Sierra Bancorp (BSRR) executive pay for the restricted stock grant?

No. The filing states that no consideration was paid by the reporting person for the award of restricted stock.

Are the BSRR restricted shares subject to forfeiture?

Yes. The restricted shares are subject to forfeiture upon certain events specified in the underlying grant agreement for the award.

What is the reporting person’s role at Sierra Bancorp (BSRR)?

The reporting person is an officer of Sierra Bancorp, serving as EVP/Chief Operations Officer, and files individually on this Form 4.