Form 4: Sierra Bancorp Director Exercises Stock Options, Reports Beneficial Ownership
SEC Form 4 Filing
Director Morris A. Tharp exercised stock options and reported changes in beneficial ownership of Sierra Bancorp (BSRR) common stock.
Summary
- On October 30, 2024, Morris A. Tharp, a director of Sierra Bancorp (BSRR), exercised stock options for 5,000 shares of common stock at a price of $16.35 per share.
- Following the transaction, Tharp directly owns 480,060 shares of Sierra Bancorp common stock.
- Tharp also directly owns 8,433 shares of common stock.
- The stock options were originally granted on November 20, 2014, and expired on November 20, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 11/20/2014 | Original grant date of the stock options |
| 10/30/2024 | Date of transaction: Stock options exercised |
| 10/31/2024 | Date of signature on the Form 4 filing |
| 11/20/2024 | Expiration date of the stock options |
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