PLUMAS BANCORP 8-K

What Happened

• Plumas Bancorp (PLBC) announced on March 1, 2026 that its Board adopted a new form of restricted stock unit (RSU) award agreement to be used under the Plumas Bancorp 2022 Equity Incentive Plan. The new form will be used for grants to directors, executives and employees and provides for time-based vesting subject to the grantee’s continued service through the vesting date. The Board or its authorized committee will set individual vesting schedules.

Key Details

• Adoption date: March 1, 2026.
• Plan: Plumas Bancorp 2022 Equity Incentive Plan.
• Change vs. prior form: no cash dividends or dividend equivalents will be awarded on shares underlying unvested RSUs; participants are entitled only to dividends payable on shares issued after RSUs vest.
• The new form of award is filed as Exhibit 10.1 to the 8-K.

Why It Matters

• The change alters the economic terms of future equity awards by removing dividend equivalents on unvested RSUs, meaning award recipients will only receive dividend payments after shares vest and are issued. This is a material modification to how compensation under the equity plan will be delivered to directors, executives and employees.