Jennifer Ann Johnson - Nov 16, 2023 Form 4 Insider Report for SIERRA BANCORP (BSRR)

Signature
/s/ Jennifer Ann Johnson
Stock symbol
BSRR
Transactions as of
Nov 16, 2023
Transactions value $
-$15,514
Form type
4
Date filed
11/20/2023, 07:38 PM
Previous filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSRR Common Stock Award $0 +3.98K +14.37% $0.00 31.6K Nov 16, 2023 Direct F1
transaction BSRR Common Stock Award $0 +5.96K +18.85% $0.00 37.6K Nov 16, 2023 Direct F2
transaction BSRR Common Stock Tax liability -$11.1K -582 -1.55% $19.13 37K Nov 18, 2023 Direct F3
transaction BSRR Common Stock Tax liability -$4.38K -229 -0.62% $19.13 36.8K Nov 19, 2023 Direct F4
* 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 2023 Equity 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 2023 Equity 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 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.
F4 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.