Form 4: Plumas Bancorp Director Acquires Restricted Stock

Plumas Bancorp director Terrance J. Reeson acquired 435 shares of restricted common stock on December 18, 2024.

Summary

• Terrance J. Reeson, a director at Plumas Bancorp, acquired 435 shares of restricted common stock.
• The transaction occurred on December 18, 2024.
• The shares were acquired at a price of $46.04 per share.
• Following the transaction, Mr. Reeson beneficially owns 90,491 shares of Plumas Bancorp common stock.
• The restricted shares will vest on December 31, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive as it shows director confidence. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States.
• The transaction is typical for directors receiving stock-based compensation.
• The vesting period of the restricted stock is a common practice to align director interests with long-term company performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows director confidence in the company.

Key Dates

Keywords

Plumas Bancorp, Terrance J. Reeson, restricted stock, director, insider trading, beneficial ownership