Form 4: Sierra Bancorp SVP/Chief Accounting Officer, Cindy L. Dabney, Reports Stock Transaction

Cindy L. Dabney, SVP/Chief Accounting Officer at Sierra Bancorp, reported a transaction involving the withholding of shares to cover tax obligations.

Summary

• Cindy L. Dabney, a Senior Vice President and Chief Accounting Officer at Sierra Bancorp, filed a Form 4.
• The filing reports a transaction on November 19, 2024, where 66 shares of common stock were withheld to cover tax obligations related to the vesting of restricted stock.
• The price per share for the transaction was $31.06.
• Following the transaction, Ms. Dabney directly owns 1,928 shares of common stock and indirectly owns 6,348.492 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing for an insider transaction, which is neither positive nor negative.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.

Comparison to Industry Standards

• Form 4 filings are a common practice across all publicly traded companies in the United States.
• The transaction is a standard procedure for handling tax obligations related to vesting of restricted stock, which is a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine tax withholding event.

Key Dates

Keywords

Form 4, Sierra Bancorp, BSRR, insider trading, stock transaction, Cindy L. Dabney, tax withholding, restricted stock