Ascuaga Michonne R. 4
Research Summary
AI-generated summary
PLBC Director Michonne Ascuaga Receives 4,200-Option Grant
What Happened
- Michonne R. Ascuaga, a director of Plumas Bancorp (PLBC), received a grant of 4,200 derivative securities (stock options) on March 1, 2026. The transaction is recorded as an award/acquisition (code A) at $0.00 per unit (no cash exchanged). This is a compensation award, not a purchase or sale.
Key Details
- Transaction date: 2026-03-01; Form filed: 2026-03-02 (timely).
- Security: 4,200 derivative securities (stock options) reported at $0.00.
- Vesting: Options will vest in four equal annual installments beginning March 1, 2027 (footnote F1).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction type: Award/Grant of options (derivative); not a sale or open-market purchase.
Context
- This filing records an option grant, which is a common form of director compensation. These are derivative awards that become exercisable as they vest; they do not represent immediately transferable shares. The filing does not show an exercise price or immediate change in share ownership.