Coen Natalia M 4

What Happened

• Natalia M. Coen, Executive Vice President and Chief Risk Officer of Sierra Bancorp (BSRR), received awards of restricted stock on Feb 12, 2026. The filing shows 3,651 time‑based restricted shares and 1,217 performance‑based restricted shares were granted (total = 4,868 shares). Each grant is reported at $0.00 cost (transaction code A = award/grant), so the filing shows $0 as the acquisition price/value for the record of the grant.

Key Details

• Transaction date(s) and price(s): 2026-02-12; 3,651 shares @ $0.00 (time‑based), 1,217 shares @ $0.00 (performance‑based).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Notable footnotes:
  • Time‑based award vests ratably over three years and is subject to forfeiture on certain events (Footnote F1).
  • Performance award vests at the end of three years based on achievement of a performance goal and is subject to forfeiture if conditions aren’t met (Footnote F2).
• Filing timeliness: Report covers 2026-02-12 and was filed 2026-02-13 (appears timely).

Context

• These awards are standard equity compensation: time‑based restricted stock vests over time, while performance‑based shares only vest if specified goals are met. Because this was a grant (not a purchase or sale), it’s a compensation action rather than a market signal of buying/selling by the insider.
• Future filings may show vesting, forfeiture, or subsequent sales; investors watching insider activity may check later Forms 4 for changes to ownership or sales of vested shares.