Form 4: Sierra Bancorp Executive Natalia M. Coen Reports Stock Transaction

Natalia M. Coen, EVP/CRO of Sierra Bancorp, reported the withholding of 1,850 common stock shares to cover tax obligations related to vesting restricted stock.

Summary

• Natalia M. Coen, an Executive Vice President and Chief Risk Officer at Sierra Bancorp, filed a Form 4 indicating a transaction involving the company's common stock.
• The transaction occurred on November 16, 2024, and involved the withholding of 1,850 shares of common stock.
• These shares were withheld to satisfy tax obligations related to the vesting of previously awarded restricted stock.
• The price per share for the transaction was $31.33.
• Following the transaction, Ms. Coen beneficially owns 19,353 shares of Sierra Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction. It does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• Form 4 filings are a common practice across all publicly listed companies in the US.
• The transaction is a standard tax withholding event related to vesting of restricted stock, which is a typical form of executive compensation.
• The number of shares withheld and the price are specific to the individual's compensation package and the company's stock price at the time of vesting.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a standard tax withholding event.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Sierra Bancorp, BSRR, Form 4, stock transaction, insider trading, Natalia M. Coen, restricted stock, tax withholding