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Plumas Bancorp (PLBC) director awarded 1,400 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Robison Kenneth Edward III

(Last) (First) (Middle)
22535 SHORT AVENUE

(Street)
RED BLUFF CA 96080

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PLUMAS BANCORP [ PLBC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted stock units $0 03/01/2026 A 1,400 (1) (2) Common stock 1,400 $0 1,400 D
Explanation of Responses:
1. Vests in four annual equal installments beginning 03/01/2027.
2. RSUs do not expire; they either vest or are cancelled prior to vesting date.
/s/ Kenneth E. Robison 03/01/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.
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