Kenny Richard Francis 4

What Happened

Kenny Richard Francis, a director of Plumas Bancorp (PLBC), received an award of 1,400 restricted stock units (RSUs) reported on 2026-03-01. The RSUs are recorded at $0.00 on the Form 4 (derivative grant), meaning this filing reports a grant of equity-based compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-02 (timely filing).
• Transaction type/code: Award/Grant (derivative) — 1,400 RSUs at $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Vesting: Vests in four equal annual installments beginning 03/01/2027 (Footnote F1).
• Other footnote: RSUs do not expire; they either vest or are cancelled prior to vesting date (Footnote F2).
• No sale or purchase occurred; this is a compensation grant, not a market transaction.

Context

RSUs are a promise to issue company shares in the future when they vest; they generally convert to actual shares only after meeting vesting conditions. This award signals additional compensation to the director but does not represent an immediate cash purchase or sale of company stock.