Foster Michael Kevin 4

What Happened
Michael Kevin Foster, a director of Plumas Bancorp (PLBC), received a grant of 1,400 restricted stock units (RSUs) on 2026-03-01. The RSUs were reported as a derivative award with an acquisition price of $0.00 (code A), meaning no cash was paid for the grant. The filing was submitted on 2026-03-02 (Accession 0001437749-26-006456).

Key Details

• Transaction date: 2026-03-01; Filing date: 2026-03-02 (timely filing).
• Award: 1,400 RSUs granted at $0.00 per share (derivative award).
• Vesting: Vests in four equal annual installments beginning 03/01/2027 (i.e., 350 RSUs per year). (Footnote F1)
• RSU term: The RSUs do not expire; they either vest or are cancelled prior to vesting. (Footnote F2)
• Shares owned after transaction: Not specified in the Form 4 filing.
• Transaction type: Grant/award (not an open-market purchase or sale) — no immediate sale or cash received.

Context
RSU grants are a form of equity compensation that only convert into actual shares (and potential taxable income) as they vest, so this award does not represent an immediate change in Foster’s tradable share position. Such grants are common for directors and employees and are not the same as a purchase (bullish signal) or a sale (liquidity-taking). There is no indication in the filing of tax withholding, a 10% owner status, or an immediate cashless exercise.