Sierra Bancorp (BSRR) EVP granted time- and performance-based stock awards

Rhea-AI Filing Summary

Sierra Bancorp reported that EVP/Chief Credit Officer Hugh F. Boyle received two equity awards of common stock on February 12, 2026 under the company’s 2023 Equity Incentive Plan. He acquired 4,026 shares of time-based restricted stock that vest ratably over three years, subject to forfeiture under specified conditions.

Boyle also acquired 1,342 shares of performance-based restricted stock, which may vest after three years based on achievement of a defined performance goal and are also subject to forfeiture. Following these awards, he directly beneficially owned 34,264 shares of Sierra Bancorp common stock.

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

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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^*

Boyle Hugh F

(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 Credit Officer

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		4,026	A	$0(1)	32,922	D
Common Stock	02/12/2026		A		1,342	A	$0(2)	34,264	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.

	Hugh F Boyle	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Sierra Bancorp (BSRR) report for Hugh F. Boyle?

Sierra Bancorp reported equity awards to EVP Hugh F. Boyle. On February 12, 2026, he received grants of time-based and performance-based restricted common stock under the 2023 Equity Incentive Plan, increasing his directly held shares to 34,264.

How many Sierra Bancorp (BSRR) shares were granted to Hugh F. Boyle?

Hugh F. Boyle was granted 4,026 and 1,342 shares. The Form 4 shows a 4,026-share time-based restricted stock grant and a 1,342-share performance-based restricted stock grant of Sierra Bancorp common stock on February 12, 2026.

What type of restricted stock did Hugh F. Boyle receive from Sierra Bancorp (BSRR)?

Boyle received time-based and performance-based restricted stock. One award vests ratably over three years, while the other vests after three years based on a specified performance goal, with both subject to forfeiture under certain conditions.

Were the Sierra Bancorp (BSRR) stock grants to Hugh F. Boyle purchased for cash?

No, the reported grants carried a price of $0 per share. The Form 4 describes them as awards under the 2023 Equity Incentive Plan, coded as acquisitions by grant or award rather than open-market purchases.

What is Hugh F. Boyle’s role at Sierra Bancorp (BSRR) in this Form 4?

Hugh F. Boyle is Sierra Bancorp’s EVP/Chief Credit Officer. The Form 4 identifies him as an officer, not a director or 10% owner, and reports his direct beneficial ownership of the awarded common stock.

Over what period do Hugh F. Boyle’s Sierra Bancorp (BSRR) restricted shares vest?

The time-based restricted shares vest ratably over three years. The performance-based award is scheduled to vest at the end of three years, with the final share number based on achievement of a specified performance goal.