Treece Christopher G 4

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.