Plumas Bancorp (PLBC) director awarded 1,400 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robison Kenneth Edward III reported acquisition or exercise transactions in this Form 4 filing.
Plumas Bancorp director Kenneth Edward Robison III received a grant of 1,400 restricted stock units (RSUs). The RSUs were awarded at a price of $0.00 per unit as part of his equity compensation and increased his directly held RSU balance to 1,400 units.
The award will vest in four equal annual installments beginning on March 1, 2027. The RSUs do not have a traditional expiration date; instead, each unit will either vest on its scheduled date or be cancelled before vesting, depending on the applicable conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robison Kenneth Edward III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 1,400 | $0.00 | -- |
Holdings After Transaction:
Restricted stock units — 1,400 shares (Direct)
Footnotes (1)
- Vests in four annual equal installments beginning 03/01/2027. RSUs do not expire; they either vest or are cancelled prior to vesting date.
FAQ
What insider transaction did PLUMAS BANCORP (PLBC) report for Kenneth Edward Robison III?
PLUMAS BANCORP reported that director Kenneth Edward Robison III received a grant of 1,400 restricted stock units. These RSUs were awarded at a price of $0.00 per unit and represent equity compensation, bringing his directly held RSU balance to 1,400 units after the grant.
How many restricted stock units were granted to the PLBC director in this Form 4?
The Form 4 shows a grant of 1,400 restricted stock units to a PLUMAS BANCORP director. These units were acquired as a grant or award, not through an open-market purchase, and are recorded as directly owned following the transaction reported in the filing.
When do the newly granted PLBC restricted stock units start vesting and over what period?
The 1,400 PLUMAS BANCORP restricted stock units begin vesting on March 1, 2027. The award vests in four equal annual installments, meaning a quarter of the units will vest each year over four years, assuming all vesting conditions continue to be satisfied.
Do the PLBC restricted stock units reported in the Form 4 have an expiration date?
The restricted stock units reported do not have a standard expiration date. According to the disclosure, the RSUs either vest on their scheduled vesting dates or are cancelled before those dates, depending on whether the vesting conditions remain satisfied for the award.
What was the transaction price for the PLBC restricted stock units granted to the director?
The transaction price per restricted stock unit was reported as $0.00. This reflects that the units were granted as part of equity compensation, rather than purchased on the market, and therefore did not require the director to pay cash to acquire the 1,400 RSUs.
How many PLBC restricted stock units does the director hold after this Form 4 transaction?
After the reported transaction, the director’s total directly held restricted stock units increased to 1,400. This figure matches the number of RSUs granted in the award, indicating this is the full balance of this derivative position following the grant disclosed in the Form 4.