Sierra Bancorp EVP awarded restricted stock
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,026 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,342 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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.
FAQ
What insider transaction did Sierra Bancorp (BSRR) report for Hugh F. Boyle?
What type of restricted stock did Hugh F. Boyle receive from Sierra Bancorp (BSRR)?
Were the Sierra Bancorp (BSRR) stock grants to Hugh F. Boyle purchased for cash?
What is Hugh F. Boyle’s role at Sierra Bancorp (BSRR) in this Form 4?
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