Robison Kenneth Edward III 4

What Happened

• Kenneth E. Robison III, a director of Plumas Bancorp (PLBC), was awarded 1,400 restricted stock units (RSUs) on 2026-03-01. The Form 4 records the acquisition as a derivative grant (transaction code A) with a reported price of $0.00. This award represents a future right to receive shares if and when the RSUs vest — it is not an immediate open-market purchase.

Key Details

• Transaction date: 2026-03-01 (Form 4 filed 2026-03-02)
• Transaction type/code: Award of RSUs (A); recorded price $0.00
• Shares/units granted: 1,400 RSUs
• Shares owned after transaction: Not disclosed in the provided filing data
• Vesting/other notes:
  • F1: Vests in four equal annual installments beginning 03/01/2027 (implying 350 RSUs vest per year if fully earned)
  • F2: RSUs do not expire; they either vest or are cancelled prior to vesting
• Filing timeliness: Report appears timely (reporting period 03/01/2026; Form 4 filed 03/02/2026)

Context

• RSUs are a form of equity compensation that convert into actual shares only upon vesting; this award signals potential future share issuance to the insider rather than an immediate purchase. There is no cash sale or exercise involved in this transaction.