Plumas Bancorp (PLBC) EVP Aaron M. Boigon Exercises Options

What Happened
Aaron M. Boigon, EVP and Chief Information Officer of Plumas Bancorp (PLBC), reported exercising options on September 17, 2026. The filing shows acquisition of 1,600 shares via exercise at $21.45 per share (total cost $34,320). The same filing lists a related 1,600-share derivative disposition recorded at $0. The primary action is an option exercise (transaction code M), not an open-market buy or sale.

Key Details

• Transaction date: 2026-09-17. Exercise price for acquired shares: $21.45; total reported cost/value = $34,320. A simultaneous 1,600-share derivative disposal is shown at $0.
• Shares owned after the transaction: not disclosed in the provided data.
• Footnote F1: Options were exercisable in four equal annual installments beginning October 21, 2020.
• Filing timeliness: no late-filing flag provided in the supplied information.

Context

• Transaction code M indicates an option exercise. The filing does not report any immediate open-market sale of the acquired shares.
• The zero-dollar disposal line often appears when shares are surrendered to satisfy exercise costs or tax withholding; the filing here does not explicitly state the reason for the $0 disposal.
• This is a routine insider exercise of vested options and is factual reporting of the derivative conversion rather than an express bullish or bearish trade signal.