PLUMAS BANCORP (PLBC) awards 1,600 RSUs to EVP and CIO Aaron Boigon
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boigon Aaron M. reported acquisition or exercise transactions in this Form 4 filing.
PLUMAS BANCORP executive Aaron M. Boigon received a grant of 1,600 restricted stock units (RSUs). The RSUs were awarded at no cash cost and are scheduled to vest in five equal annual installments beginning on 03/01/2027. The RSUs do not have a set expiration date; they will either vest on schedule or be cancelled before their vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boigon Aaron M.
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 1,600 | $0.00 | -- |
Holdings After Transaction:
Restricted stock units — 1,600 shares (Direct)
Footnotes (1)
- Vests in five equal annual 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 Aaron M. Boigon?
PLUMAS BANCORP reported that EVP and Chief Information Officer Aaron M. Boigon received a grant of 1,600 restricted stock units. These RSUs were acquired at no cash cost and increase his direct equity-based compensation tied to the company’s future performance and continued employment.
How many restricted stock units did Aaron M. Boigon receive from PLBC?
Aaron M. Boigon received 1,600 restricted stock units from PLUMAS BANCORP. This award is recorded as a direct ownership position and represents equity-based compensation that aligns his interests with shareholders through future vesting rather than an immediate cash payment or open-market stock purchase.
When do Aaron M. Boigon’s PLBC restricted stock units vest?
The 1,600 restricted stock units granted to Aaron M. Boigon vest in five equal annual installments beginning on March 1, 2027. Each year, one-fifth of the RSUs becomes vested, subject to the award’s conditions, which typically relate to continued service with PLUMAS BANCORP.
Do the PLBC restricted stock units granted to Aaron M. Boigon expire?
The restricted stock units do not have a traditional expiration date. According to the disclosure, they will either vest on their scheduled vesting dates starting March 1, 2027, or be cancelled before those dates if the vesting conditions are not satisfied under the award’s terms.
Was cash involved in Aaron M. Boigon’s PLBC restricted stock unit grant?
No cash changed hands in the grant, which was reported at a price per unit of $0.0000. This indicates the transaction is an equity-based compensation award rather than an open-market stock purchase, providing potential future value if the RSUs vest and corresponding shares are delivered.
How many PLBC restricted stock units does Aaron M. Boigon hold after this grant?
After the reported grant, Aaron M. Boigon directly holds 1,600 restricted stock units. This figure reflects his total derivative equity position from RSUs reported in this filing and will change over time as additional awards are granted, vest, or are cancelled.