Treece Christopher G 4
4 · SIERRA BANCORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Sierra Bancorp (BSRR) CFO Christopher Treece Receives Award
What Happened
Christopher G. Treece, Chief Financial Officer of Sierra Bancorp (BSRR), received two restricted stock awards on February 12, 2026: 4,518 time‑based restricted shares and 2,432 performance‑based restricted shares, for a total of 6,950 shares. Both awards were reported at $0.00 per share (no cash changed hands). The time‑based award vests ratably over three years; the performance‑based award vests at the end of three years based on achievement of specified performance goals and may be forfeited if conditions are not met.
Key Details
- Transaction date and price: 2026-02-12, $0.00 per share (award/grant, code A).
- Shares granted: 4,518 (time‑based) + 2,432 (performance‑based) = 6,950 total.
- Shares owned after transaction: not specified in the provided filing.
- Plan and footnotes: Awards made under the Issuer’s 2023 Equity Incentive Plan. F1 = time‑based restricted stock vesting ratably over three years; F2 = performance‑based restricted stock with vesting at three years based on performance goals.
- Filing timeliness: Form 4 filed 2026-02-13 for a 2026-02-12 transaction — appears timely.
Context
Restricted stock awards are a form of executive compensation intended to retain and incentivize management; they are not open‑market purchases or sales and do not necessarily signal immediate insider buying or selling intent. Performance‑based awards may never vest if targets aren’t met; time‑based awards vest over the stated schedule and can be forfeited under specified conditions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-12+4,518→ 37,463 total - Award
Common Stock
[F2]2026-02-12+2,432→ 39,895 total
Footnotes (2)
- [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.