Boyle Hugh F 4
4 · SIERRA BANCORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Sierra Bancorp (BSRR) EVP Hugh Boyle Receives Stock Awards
What Happened
Hugh F. Boyle, EVP and Chief Credit Officer of Sierra Bancorp (BSRR), was granted two equity awards on 2026-02-12: 4,026 time‑based restricted shares and 1,342 performance‑based restricted shares. Both grants were reported as awards (transaction code A) with an acquisition price of $0.00, for a combined 5,368 shares. These are compensation awards rather than open‑market purchases or sales.
Key Details
- Transaction date: 2026-02-12 (Form 4 filed 2026-02-13).
- Price: $0.00 per share (award/grant).
- Total shares granted: 4,026 (time‑based) + 1,342 (performance‑based) = 5,368 shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- Time‑based award vests ratably over three years and is subject to forfeiture on certain events.
- Performance award vests at the end of three years based on achievement of a performance goal; number of shares that ultimately vest will be determined by performance and may be forfeited if conditions aren’t met.
- Timeliness: Filing appears timely (transaction date 2026-02-12; Form 4 filed 2026-02-13).
- Transaction code: A = Award/Grant.
Context
These awards are part of employee compensation/retention programs and do not represent a cash purchase or sale on the open market. Time‑based awards will vest over time; performance awards depend on future metrics and may result in fewer or no shares vesting if targets aren’t met. Watch future Form 4s for vesting events or subsequent sales.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-12+4,026→ 32,922 total - Award
Common Stock
[F2]2026-02-12+1,342→ 34,264 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.