WEST DANIEL E 4

What Happened Daniel E. West, a director of Plumas Bancorp (PLBC), was granted 4,200 derivative securities (reported as an award/grant) on March 1, 2026. The filing reports an acquisition price of $0.00 for these derivative awards (total reported value $0). The award is time‑based: it will vest in four equal annual installments beginning March 1, 2027, per the filing footnote.

Key Details

• Transaction date: 2026-03-01; Filing date: 2026-03-02 (filed the next day).
• Transaction type: A (award/grant) of 4,200 derivative securities at $0.00 per unit (reported value $0).
• Vesting: 4 equal annual installments starting March 1, 2027 (see footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Filed on 2026-03-02 for a 2026-03-01 transaction — within the usual Form 4 reporting window (not flagged as late).

Context The award is a derivative grant with a multi-year vesting schedule, meaning West does not immediately receive 4,200 free-trading shares; the awards convert to (or entitle him to) underlying shares as they vest under the company plan. Such awards are common for directors and are generally intended for retention and alignment with shareholders; they are not the same signal as an open-market purchase.