Sierra Bancorp (BSRR) CFO has 800 shares withheld for taxes on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sierra Bancorp executive vice president and chief financial officer Christopher G. Treece reported a tax-withholding disposition of company stock. On this Form 4, 800 shares of common stock were withheld at $36.09 per share to satisfy tax obligations tied to vesting of previously awarded restricted stock. After this withholding event, Treece directly owned 39,095 shares of Sierra Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Treece Christopher G
Role
EVP/Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 800 | $36.09 | $29K |
Holdings After Transaction:
Common Stock — 39,095 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sierra Bancorp (BSRR) report for Christopher G. Treece?
Sierra Bancorp reported that EVP and CFO Christopher G. Treece had 800 shares of common stock withheld to cover taxes upon vesting of restricted stock, a routine tax-withholding disposition rather than an open-market stock sale.
Was the Sierra Bancorp (BSRR) Form 4 a buy or sell by the CFO?
The Form 4 reflects a tax-withholding disposition, not a traditional buy or sell. Shares were withheld to pay taxes when restricted stock vested, meaning the transaction reduced reported holdings but did not involve an open-market purchase or sale by the CFO.