Michael Olague - Nov 19, 2021 Form 4 Insider Report for SIERRA BANCORP (BSRR)

Role: EVP/Chief Banking Officer
Signature: /s/ Michael Olague
Stock symbol: BSRR
Transactions as of: Nov 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/23/2021, 08:31 PM
Previous filing: Oct 29, 2021
Next filing: Aug 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSRR	Common Stock	Award	$0	+1.38K	+6.89%	$0.00	21.4K	Nov 19, 2021	Direct	F1
transaction	BSRR	Common Stock	Award	$0	+2.07K	+9.68%	$0.00	23.5K	Nov 19, 2021	Direct	F2
holding	BSRR	Common Stock						36.1K	Nov 19, 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of time-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan that vest ratably over three years, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant.
F2	Represents an award of performance-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant. The number of shares vesting at the end of three years will be calculated based upon the level of achievement of the performance goal specified in the agreement underlying such grant.

Content

Represents an award of time-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan that vest ratably over three years, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant.

Represents an award of performance-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant. The number of shares vesting at the end of three years will be calculated based upon the level of achievement of the performance goal specified in the agreement underlying such grant.