Michael Olague - Nov 18, 2022 Form 4 Insider Report for SIERRA BANCORP (BSRR)

Role
EVP/Chief Banking Officer
Signature
/s/ Michael Olague
Stock symbol
BSRR
Transactions as of
Nov 18, 2022
Transactions value $
-$4,882
Form type
4
Date filed
11/21/2022, 07:57 PM
Previous filing
Oct 28, 2022
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSRR Common Stock Tax liability -$4.88K -229 -0.76% $21.32 29.9K Nov 19, 2022 Direct F1
transaction BSRR Common Stock Award $0 +5.28K +21.26% $0.00 30.1K Nov 18, 2022 Direct F2
transaction BSRR Common Stock Award $0 +3.52K +16.51% $0.00 24.8K Nov 18, 2022 Direct F3
holding BSRR Common Stock 36.1K Nov 18, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock
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.
F3 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. 2