Oak Valley Bancorp (OVLY) EVP gets restricted stock, surrenders shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oak Valley Bancorp executive Gary Stephens reported several routine share adjustments in company stock. On February 27, 2026, he surrendered multiple small amounts of Common Stock to cover tax liabilities on previously granted restricted stock that vested on that date, as indicated by the tax-withholding disposition code and related footnotes.
On the same day, he received a grant of 784 shares of restricted stock under the company’s Stock Incentive Plan, which will vest 20% annually on specified dates from February 28, 2027 through February 28, 2031. A prior December 31, 2025 adjustment reflects 1,387 shares acquired through the company’s 401(k) and profit-sharing plans under a Rule 10b5-1 purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Stephens Gary
Role
EVP Commercial Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 120 | $0.00 | -- |
| Tax Withholding | Common Stock | 107 | $0.00 | -- |
| Tax Withholding | Common Stock | 89 | $0.00 | -- |
| Tax Withholding | Common Stock | 411 | $0.00 | -- |
| Tax Withholding | Common Stock | 103 | $0.00 | -- |
| Tax Withholding | Common Stock | 91 | $0.00 | -- |
| Grant/Award | Common Stock | 784 | $0.00 | -- |
| I | Common Stock | 1,387 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 37,534 shares (Direct)
Footnotes (1)
- Shares acquired through company 401k plan. Purchase transactions occur under 10b5-1 purchase plan with various dates and pricing. Adjustment to holdings for shares acquired through 401k profit sharing plan in 2025. Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2021 vested 2/27/2026 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2022 vested 2/27/2026 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2023 vested 2/27/2026 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2024 vested 2/27/2026 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2025 vested 2/27/2026 Award of restricted stock to executive employee pursuant to Stock Incentive Plan. Each restricted stock share that is unvested is subject to certain restrictions on disposition as well as certain forfeiture rights, which will lapse upon vesting. The restricted stock will vest 20% annually on the following dates: 2/28/2027 2/28/2028 2/28/2029 2/28/2030 2/28/2031
FAQ
What insider transactions did Oak Valley Bancorp (OVLY) report for Gary Stephens?
Oak Valley Bancorp EVP Gary Stephens reported routine equity adjustments, including a grant of 784 restricted stock shares and several small share surrenders for tax withholding. He also recorded a 1,387-share adjustment from company 401(k) and profit-sharing plans.
Was the Oak Valley Bancorp (OVLY) insider activity a stock sale by Gary Stephens?
The filing shows tax-withholding dispositions, not open-market stock sales. Shares were surrendered to satisfy tax liabilities on vested restricted stock awards, a common administrative mechanism rather than a discretionary sale into the market.
What restricted stock award did Gary Stephens receive from Oak Valley Bancorp (OVLY)?
Gary Stephens received an award of 784 shares of restricted Common Stock under Oak Valley Bancorp’s Stock Incentive Plan. These shares are subject to transfer restrictions and forfeiture rights that lapse as they vest over a multi-year schedule.
How will the new Oak Valley Bancorp (OVLY) restricted stock for Gary Stephens vest?
The 784 restricted stock shares granted to Gary Stephens will vest 20% annually on five dates: February 28, 2027, 2028, 2029, 2030, and 2031. Unvested shares remain subject to disposition limits and potential forfeiture until each vesting date.