Form 4: Oak Valley Bancorp EVP Kimberly Booke Reports Stock Transactions

EVP and Chief Risk Officer Kimberly Booke reports acquisition of common stock through a 401k plan and restricted stock award, as well as shares surrendered for tax liability.

Summary

• Kimberly Booke, EVP and Chief Risk Officer of Oak Valley Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On December 31, 2024, Booke acquired 969 shares of common stock through the company's 401k plan.
• On February 28, 2025, Booke acquired 1,112 shares of restricted stock, which will vest 20% annually from 2026 to 2030.
• Also on February 28, 2025, 410 shares were surrendered to cover tax liabilities related to restricted stock that vested.
• Following these transactions, Booke directly owns 17,854 shares of Oak Valley Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine stock transactions by an executive, with no significant positive or negative implications.

Positives

• The acquisition of shares through the 401k plan and restricted stock award indicates confidence in the company's future performance.

Negatives

• The surrender of shares to cover tax liabilities reduces the overall increase in share ownership.

Future Outlook

The restricted stock will vest 20% annually from February 28, 2026, to February 28, 2030.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock awards as incentives, aligning management's interests with those of shareholders.
• The vesting schedule of 20% annually over five years is a common structure for restricted stock grants.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership changes.

Key Dates