BSRR insider Form 4 shows 1,445-share restricted stock grant
Rhea-AI Filing Summary
Sierra Bancorp (BSRR) director reports equity award
A director of Sierra Bancorp reported receiving 1,445 shares of common stock on 11/20/2025 as an award of time-based restricted stock under the company’s 2023 Equity Incentive Plan. The award was recorded at a price of $0, reflecting that it was a grant rather than an open‑market purchase, and will vest in one year, subject to forfeiture under conditions described in the grant agreement. Following this award, the reporting person holds 6,702 shares of Sierra Bancorp common stock directly and 2,000 shares indirectly through Chrisman and Associates, LLC.
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FAQ
What did the Sierra Bancorp (BSRR) Form 4 report on 11/20/2025?
The Form 4 reports that a Sierra Bancorp director received an award of 1,445 shares of common stock as time-based restricted stock on 11/20/2025 under the 2023 Equity Incentive Plan.
What type of equity award did the Sierra Bancorp (BSRR) director receive?
The director received an award of time-based restricted stock, which vests in one year and is subject to possible forfeiture under conditions in the award agreement.
At what price was the Sierra Bancorp (BSRR) restricted stock award recorded?
The 1,445 restricted shares were reported at a price of $0, indicating a grant rather than a purchase in the market.
How many Sierra Bancorp (BSRR) shares does the reporting person own after the transaction?
After the reported transaction, the director beneficially owns 6,702 shares of Sierra Bancorp common stock directly and 2,000 shares indirectly through Chrisman and Associates, LLC.
What plan governs the new Sierra Bancorp (BSRR) restricted stock award?
The award was granted under Sierra Bancorp’s 2023 Equity Incentive Plan and is subject to the terms and forfeiture conditions described in the related grant agreement.
What is the vesting schedule for the new Sierra Bancorp (BSRR) restricted stock?
The 1,445 restricted shares vest in one year, provided that the specified conditions in the underlying grant agreement are satisfied and no forfeiture events occur.