McCarty Richard A. 4

What Happened
Richard A. McCarty, President & COO of Oak Valley Bancorp (OVLY), received a grant of 4,070 restricted shares on 2026-02-27 (reporting code A). On that same day he surrendered a total of 1,281 shares (multiple F-coded transactions) to satisfy tax liabilities related to prior restricted-stock vestings, and earlier on 2025-12-31 he acquired 1,428 shares through the company 401(k)/profit-sharing plan (discretionary/I-coded). No per-share prices or dollar values are reported (listed as N/A).

Key Details

• Transaction dates: 2025-12-31 (401(k) acquisition), 2026-02-27 (award grant and tax-withholding surrenders). Filing date: 2026-03-03 (Form 4).
• Prices/values: All transactions reported as N/A for price; no dollar amounts disclosed.
• Net counts reported in the filing: +4,070 granted; -1,281 surrendered for tax withholding; +1,428 acquired via 401(k). The filing does not state a post-transaction total shareholding.
• Notable footnotes: 401(k) purchases were through the company 401(k)/profit-sharing plan and 10b5-1 purchase plan language is referenced (F1, F2). The surrendered shares correspond to tax withholding on restricted-stock issuances from 2/28/2021–2/28/2025 that vested 2/27/2026 (F3–F7). The 4,070-share award is restricted stock under the Stock Incentive Plan and is subject to forfeiture/disposition restrictions until vesting (F8, F9).
• Vesting schedule for the new restricted shares: 20% annually on 2/28 of 2027, 2028, 2029, 2030 and 2031 (F10).
• Transaction codes explained: A = award/grant, F = payment of exercise price or tax liability (shares surrendered for taxes), I = discretionary acquisition (401(k)).
• Timeliness: The Form 4 was filed 2026-03-03 while key transactions occurred 2025-12-31 and 2026-02-27; this appears to be outside the typical two-business-day Form 4 reporting window and therefore was filed late.

Context

• The 1,281-share disposals were tax-withholding/share-surrender transactions tied to vested restricted stock—not open-market sales—so they reflect tax obligations rather than a decision to cash out.
• The 4,070-share grant is a time-based restricted stock award that vests 20% per year over five years; these awards are common executive compensation and are subject to forfeiture until vested.
• The 401(k) acquisition reflects routine payroll/plan purchases (not an opportunistic open-market buy).
• No cash values or insider intentions are disclosed; these are operational/compensation-related insider filings rather than clear bullish or bearish signals.