Form 4: Oak Valley Bancorp Executive Reports Changes in Beneficial Ownership

Gary Stephens, EVP Commercial Banking at Oak Valley Bancorp, reports transactions involving common stock, including acquisitions through a 401k plan and restricted stock awards, as well as shares surrendered for tax liabilities.

Summary

• Gary Stephens, EVP Commercial Banking at Oak Valley Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
• On December 31, 2024, Stephens acquired 1,311 shares through the company's 401k plan.
• An adjustment was made for shares acquired through the 401k profit sharing plan in 2024, resulting in the disposal of 36,079 shares.
• On February 28, 2025, Stephens was awarded 1,112 shares of restricted stock that vest 20% annually over five years, starting February 28, 2026.
• Also on February 28, 2025, Stephens surrendered shares to satisfy tax liabilities related to restricted stock vesting from 2020 to 2024.
• After these transactions, Stephens beneficially owns 36,266 shares of Oak Valley Bancorp common stock.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation and 401k plans. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of shares through the 401k plan demonstrates Stephens' investment in the company.
• The award of restricted stock aligns Stephens' interests with the long-term performance of Oak Valley Bancorp.

Negatives

• The surrender of shares to cover tax liabilities reduces Stephens' overall holdings, although this is a common practice with restricted stock awards.

Risks

• The vesting schedule of the restricted stock means that Stephens' ownership is contingent on continued employment and performance.
• Fluctuations in the stock price could impact the value of Stephens' holdings and potentially influence his decisions regarding the stock.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence.
• Employees participating in the 401k plan are directly impacted by the company's stock performance.

Key Dates