Sierra Bancorp (BSRR) Form 4 shows new director stock grant
Rhea-AI Filing Summary
Sierra Bancorp (BSRR) reported an insider equity award for one of its directors. On 11/20/2025, the director received 1,445 shares of common stock as a time-based restricted stock grant under the company’s 2023 Equity Incentive Plan at a stated price of $0.
After this award, the director beneficially owns 8,203 shares directly and 2,000 shares indirectly. The restricted shares vest in one year and are subject to forfeiture if certain conditions in the grant agreement are not met.
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FAQ
What insider transaction did Sierra Bancorp (BSRR) report on this Form 4?
The filing reports that a Sierra Bancorp director received an award of 1,445 shares of common stock as time-based restricted stock on 11/20/2025 under the 2023 Equity Incentive Plan.
What type of equity award did the Sierra Bancorp (BSRR) director receive?
The director received a time-based restricted stock award pursuant to Sierra Bancorp’s 2023 Equity Incentive Plan, with shares vesting in one year.
When do the new Sierra Bancorp (BSRR) restricted shares vest?
The 1,445 restricted shares granted to the director vest in one year, subject to forfeiture if certain events specified in the grant agreement occur.
How many Sierra Bancorp (BSRR) shares does the director own after this transaction?
Following the transaction, the director beneficially owns 8,203 shares directly and 2,000 shares indirectly of Sierra Bancorp common stock.
Was the Sierra Bancorp (BSRR) Form 4 filed for one or multiple reporting persons?
The Form 4 was filed by one reporting person, as indicated in the individual filing section.
What conditions apply to the Sierra Bancorp (BSRR) restricted stock award?
The restricted stock award is subject to forfeiture upon the occurrence of certain events set out in the underlying grant agreement.