Sierra Bancorp CEO reports tax share withholding

Sierra Bancorp President and CEO Kevin J. McPhaill reported a tax-related share withholding transaction in company common stock.

Rhea-AI Filing Summary

Sierra Bancorp President and CEO Kevin J. McPhaill reported a tax-related share withholding transaction in company common stock. On February 23, 2026, 1,358 shares were disposed of at a price of $36.09 per share to satisfy tax withholding obligations tied to the vesting of previously awarded restricted stock. Following this tax-withholding disposition, he directly owned 67,807 shares of Sierra Bancorp common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 1,358 shares

Exercise Price or Tax Liability 2 txns

Insider McPhaill Kevin J

Role President/CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,358	$36.09	$49K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 88,506 shares (Direct)

Footnotes (1)

1. F1. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Sierra Bancorp (BSRR) report for Kevin J. McPhaill?

Sierra Bancorp reported that President and CEO Kevin J. McPhaill had shares withheld to cover taxes. On February 23, 2026, 1,358 common shares were disposed of to satisfy tax withholding obligations related to vesting restricted stock, rather than an open-market sale.

How many Sierra Bancorp (BSRR) shares were withheld for Kevin McPhaill’s taxes?

The filing shows 1,358 Sierra Bancorp common shares were disposed of for tax withholding. These shares were used to satisfy tax obligations arising from the vesting of previously awarded restricted stock, as described in the accompanying footnote to the Form 4.

At what price were Kevin McPhaill’s Sierra Bancorp (BSRR) shares withheld?

The tax-withholding disposition used a price of $36.09 per share. This price applies to the 1,358 Sierra Bancorp common shares withheld to satisfy McPhaill’s tax obligations in connection with vesting restricted stock awards on February 23, 2026.

How many Sierra Bancorp (BSRR) shares does Kevin McPhaill own after this Form 4 transaction?

After the reported tax-withholding disposition, Kevin J. McPhaill directly owned 67,807 Sierra Bancorp common shares. This post-transaction holding reflects his remaining direct ownership following the 1,358-share tax-related disposition on February 23, 2026.

Was Kevin McPhaill’s Sierra Bancorp (BSRR) transaction an open-market sale?

No, the transaction was coded as a tax-withholding disposition rather than an open-market sale. Shares were withheld to pay tax obligations associated with vesting restricted stock, according to the Form 4 footnote describing the nature of the transaction.

What does transaction code F mean in the Sierra Bancorp (BSRR) Form 4?

Transaction code F indicates shares delivered to pay an exercise price or tax liability. In this case, 1,358 Sierra Bancorp common shares were withheld to satisfy Kevin McPhaill’s tax withholding obligations tied to vesting restricted stock awards, not discretionary selling.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/25/2026 - 05:25 PM EST Learn about SEC filing dates

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)
02/23/2026

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	02/23/2026		F		1,358(1)	D	$36.09	67,807	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. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.

	/s/ Kevin J. McPhaill	02/25/2026
	** 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.
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