Form 4: Sierra Bancorp Director Albert L. Berra Executes Stock Transactions

Director Albert L. Berra of Sierra Bancorp executed stock option exercises and sales on November 7, 2024, affecting his beneficial ownership.

Summary

• On November 7, 2024, Albert L. Berra, a director at Sierra Bancorp, exercised stock options to acquire 5,000 shares of common stock at a price of $16.35 per share.
• Following the exercise of options, Mr. Berra sold 2,540 shares of common stock at a price of $32.2382 per share.
• After these transactions, Mr. Berra directly owns 150,063 shares of common stock.
• Mr. Berra also has indirect ownership of 22,036 shares through the Albert Berra Dds Profit Sharing Plan, 80,704.225 shares through Berra Investments, A Limited Partnership, and 19,093 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by a company director, with no inherent positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The transactions are typical for directors who receive stock options as part of their compensation and may exercise and sell shares for personal financial management.
• The prices at which the shares were sold are within the range of the market price of the stock at the time of the transaction.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
• The transactions are a normal part of insider trading and do not indicate any significant change in the company's performance or outlook.

Key Dates

Keywords

Sierra Bancorp, BSRR, stock options, insider trading, Form 4, Albert L. Berra, director, stock sale, beneficial ownership