Plumas Bancorp CFO Richard Belstock Receives 1,600-Share RSU Award

What Happened

• Richard L. Belstock, EVP and Chief Financial Officer of Plumas Bancorp (PLBC), was granted 1,600 restricted stock units (RSUs) on March 1, 2026. The Form 4 shows an acquisition at $0.00 (typical for RSU awards) — no cash changed hands at grant.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-02 (appears timely).
• Grant size and price: 1,600 RSUs @ $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: RSUs vest in five equal annual installments beginning 03/01/2027.
  • F2: RSUs do not expire; they either vest or are cancelled prior to vesting date.
• No 10b5-1 plan, tax-withholding sale, or late-filing indication reported.

Context

• This was a compensation award (RSUs), not an open-market purchase or sale. RSUs represent a promise to deliver shares if and when they vest; they do not provide immediate tradable stock. Vesting schedule means the award will convert to shares over five years starting March 1, 2027, subject to cancellation if vesting conditions aren’t met.