Richard McCarty - Dec 31, 2022 Form 4 Insider Report for Oak Valley Bancorp (OVLY)

Role
President & COO
Signature
/s/ Richard A McCarty
Stock symbol
OVLY
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2023, 12:19 PM
Previous filing
Mar 21, 2022
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVLY Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities +1.62K +3.7% 45.4K Dec 31, 2022 Direct F1, F2
transaction OVLY Common Stock Award +2.63K +5.79% 48K Feb 28, 2023 Direct F3, F4, F5
transaction OVLY Common Stock Tax liability -148 -0.31% 47.9K Feb 28, 2023 Direct F6
transaction OVLY Common Stock Tax liability -205 -0.43% 47.7K Feb 28, 2023 Direct F7
transaction OVLY Common Stock Tax liability -172 -0.36% 47.5K Feb 28, 2023 Direct F8
transaction OVLY Common Stock Tax liability -212 -0.45% 47.3K Feb 28, 2023 Direct F9
transaction OVLY Common Stock Tax liability -214 -0.45% 47.1K Feb 28, 2023 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Adjustment to holdings for shares acquired through 401k profit sharing plan in 2022.
F2 Shares acquired through company 401k plan. Purchase transactions occur under 10b5-1 purchase plan with various dates and pricing.
F3 The restricted stock will vest 20% annually on the following dates: 2/28/2024 2/28/2025 2/28/2026 2/28/2027 2/28/2028
F4 Award of restricted stock to executive employee pursuant to Stock Incentive Plan.
F5 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.
F6 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2018 vested 2/28/2023
F7 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2019 vested 2/28/2023
F8 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2020 vested 2/28/2023
F9 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2021 vested 2/28/2023
F10 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2022 vested 2/28/2023