Gary Stephens - Feb 28, 2022 Form 4 Insider Report for Oak Valley Bancorp (OVLY)

Role
EVP Commercial Banking
Signature
/s/ Gary Stephens
Stock symbol
OVLY
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/21/2022, 07:47 PM
Previous filing
Mar 3, 2022
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVLY Common Stock Award +1.31K +5.23% 26.4K Feb 28, 2022 Direct F1, F2, F3
transaction OVLY Common Stock Tax liability -245 -0.93% 26.1K Feb 28, 2022 Direct F4
transaction OVLY Common Stock Tax liability -97 -0.37% 26.1K Feb 28, 2022 Direct F5
transaction OVLY Common Stock Tax liability -119 -0.46% 25.9K Feb 28, 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock to executive employee pursuant to Stock Incentive Plan.
F2 Each restricted stock share that is unvested is subject to certain restrictions on disposition as well as certain forfeiture rights, which will lapse upon vesting.
F3 The restricted stock will vest 20% annually on the following dates: 2/28/2023 2/28/2024 2/28/2025 2/28/2026 2/28/2027
F4 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2018 vested 2/28/2022
F5 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2020 vested 2/28/2022
F6 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2021 vested 2/28/2022