Form 4: Sierra Bancorp EVP/CRO Sells Shares for Tax Obligations

Sierra Bancorp's EVP/CRO, Natalia M. Coen, disposed of 653 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• Natalia M. Coen, Executive Vice President and Chief Risk Officer (EVP/CRO) of Sierra Bancorp (BSRR), reported a transaction involving the company's common stock.
• On February 23, 2026, Ms. Coen disposed of 653 shares of common stock at a price of $36.09 per share.
• This disposition was specifically for the purpose of satisfying tax withholding obligations in connection with the vesting of previously awarded restricted stock.
• Following this transaction, Ms. Coen beneficially owns 26,836 shares of Sierra Bancorp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction for tax purposes related to executive compensation and does not indicate a positive or negative sentiment towards the company's performance or stock value.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon restricted stock vesting, are common and generally do not reflect a change in management's outlook on the company's future performance. This type of transaction is a routine part of executive compensation and tax planning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment thesis.
• Employees: No direct impact.

Key Dates

Recommendation

This transaction is a routine, non-discretionary sale of shares to cover tax obligations upon restricted stock vesting. It does not provide any fundamental insight into the company's performance or future prospects that would warrant a change in investment recommendation. A seasoned investor would likely maintain their current position based on broader company fundamentals rather than this specific insider filing.

Keywords

Sierra Bancorp, BSRR, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock, Executive Compensation