PLUMAS BANCORP (PLBC) CFO exercises 2,500 stock options, boosts holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PLUMAS BANCORP EVP and CFO Richard L. Belstock exercised stock options for 2,500 shares of common stock at $31.00 per share. Following the exercise, he directly owns 56,735 common shares and holds options on 5,000 shares. Indirectly, 14,043 shares are held through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,500 shares exercised/converted
Mixed
3 txns
Insider
Belstock Richard L
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to buy common stock | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $31.00 | $78K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to buy common stock — 5,000 shares (Direct);
Common Stock — 56,735 shares (Direct);
Common Stock — 14,043 shares (Indirect, 401(k) Plan)
Footnotes (1)
- An increase of 81 from previous report on Form 4. Exercisable in five (5) equal annual installments beginning August 16, 2023.
FAQ
What insider transaction did PLUMAS BANCORP (PLBC) report for Richard L. Belstock?
PLUMAS BANCORP reported that EVP and CFO Richard L. Belstock exercised options to acquire 2,500 shares of common stock at $31.00 per share. This transaction converts derivative options into directly owned common shares, increasing his direct equity stake in the company.
What stock options did the PLUMAS BANCORP (PLBC) CFO exercise?
The CFO exercised options labeled as an “Option to buy common stock” covering 2,500 underlying shares at an exercise price of $31.00 per share. These options were part of a grant exercisable in five equal annual installments beginning on August 16, 2023, per the footnote disclosure.
Are there remaining PLUMAS BANCORP (PLBC) options for Richard L. Belstock after this exercise?
Yes. After exercising 2,500 options, Richard L. Belstock has 5,000 option-derived shares reported as remaining under the same option award. This indicates only part of the original derivative position was exercised, with additional options still available for future exercise under the plan terms.
What indirect PLUMAS BANCORP (PLBC) holdings does the CFO report in this Form 4?
The Form 4 shows 14,043 PLUMAS BANCORP common shares held indirectly in a 401(k) plan. A footnote notes this reflects an increase of 81 shares from the prior report, indicating ongoing accumulation within the retirement account, separate from his directly held and option-related shares.