Sierra Bancorp CFO reports 800-share tax withholding
Sierra Bancorp executive vice president and chief financial officer Christopher G. Treece reported a tax-withholding disposition of company stock.
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
Exercise Price or Tax Liability: 800 shares
Exercise Price or Tax Liability
1 txn
Insider
Treece Christopher G
Role
EVP/Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 800 | $36.09 | $29K |
Holdings After Transaction:
Common Stock — 39,095 shares (Direct)
Footnotes (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
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.