Plumas EVP exercises options for 2,500 shares
Plumas Bancorp executive Aaron M. Boigon, EVP and Chief Information Officer, exercised stock options to acquire 2,500 shares of common stock at $21.45 per share.
Rhea-AI Filing Summary
Plumas Bancorp executive Aaron M. Boigon, EVP and Chief Information Officer, exercised stock options to acquire 2,500 shares of common stock at $21.45 per share. This was a derivative exercise, not an open-market purchase or sale.
Following the transaction, he directly owns 8,100 shares of Plumas Bancorp common stock. The exercised options came from an award that vests in four equal annual installments beginning October 21, 2020, and the remaining options from this grant are scheduled to expire on October 21, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,500 shares exercised/converted
Exercise
2 txns
Insider
Boigon Aaron M.
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to buy common stock | 2,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,500 | $21.45 | $54K |
Holdings After Transaction:
Option to buy common stock — 5,600 contracts (Direct);
Common Stock — 8,100 shares (Direct)
Footnotes (1)
- F1. Exercisable in four (4) equal annual installments beginning October 21, 2020.
Key Figures
Shares acquired via option exercise: 2,500 shares
Option exercise price: $21.45 per share
Direct common shares after transaction: 8,100 shares
+4 more
7 metrics
Shares acquired via option exercise
2,500 shares
Common stock acquired through derivative exercise on April 30, 2026
Option exercise price
$21.45 per share
Conversion or exercise price for 2,500 underlying shares
Direct common shares after transaction
8,100 shares
Total directly owned by Aaron M. Boigon following the exercise
Derivative shares exercised
2,500 option shares
Option to buy common stock converted into common shares
Options remaining from grant
5,600 options
Total derivative shares shown as remaining after the transaction
Option expiration date
October 21, 2027
Stated expiration date of the option grant
Vesting schedule
Four equal annual installments
Began October 21, 2020 per footnote
Key Terms
Form 4, derivative security, Option to buy common stock, exercise or conversion, +1 more
5 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Option to buy common stock financial
"security_title: Option to buy common stock"
exercise or conversion financial
"transaction_action: derivative exercise/conversion"
expiration date financial
"expiration_date: 2027-10-21T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PLUMAS BANCORP (PLBC) report for Aaron M. Boigon?
Aaron M. Boigon exercised stock options to acquire 2,500 shares of Plumas Bancorp common stock. The options were exercised at $21.45 per share and represent a conversion of derivative securities into common shares rather than an open-market purchase or sale.
What was the exercise price of the PLUMAS BANCORP (PLBC) options exercised by Aaron M. Boigon?
The exercised options had a conversion or exercise price of $21.45 per share. Boigon used these options to obtain 2,500 shares of Plumas Bancorp common stock, converting derivative securities into common equity under the terms of his compensation award.
What type of securities did Aaron M. Boigon exercise in the PLBC Form 4 filing?
Boigon exercised an option to buy common stock, classified as a derivative security. This option covered 2,500 underlying shares of Plumas Bancorp common stock, which were issued to him upon exercise, changing his position from options to directly held shares.
When do Aaron M. Boigon’s remaining PLUMAS BANCORP options from this grant expire?
The remaining options from this grant are scheduled to expire on October 21, 2027. According to the footnote, the options became exercisable in four equal annual installments beginning October 21, 2020, reflecting a standard multi-year vesting structure for executive compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
