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Sierra Bancorp Executive Compensation (FY25)

BSRR · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
182 figures on this page: 171 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Kevin McPhaill, President and Chief Executive Officer, received $1,897,622 in total compensation for fiscal 2025, and McPhaill's total moved 35.3% higher from the $1,402,302 reported for fiscal 2024. Meanwhile, for fiscal 2025, shareholders backed the say-on-pay proposal with 96.4% of votes cast for or against in favor at the meeting held May 20, 2026. Separately, the disclosed peer group includes Bank of Marin Bancorp, Baycom Corp, Central Pacific Financial Corp, Coastal Financial Corporation and Community West Bancshares, among others. The company reported 5 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
Kevin McPhaill
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kevin McPhaill: $1,402,302 → $1,897,622 (35.3% higher)
Say-on-pay support: 96.6% → 96.4% (0.2 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Sierra Bancorp's chief executive and what were they paid?
Kevin McPhaill, President and Chief Executive Officer, received $1,897,622 in total compensation for fiscal 2025. McPhaill's total moved 35.3% higher from the $1,402,302 reported for fiscal 2024.
What was Sierra Bancorp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.4% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Sierra Bancorp's peer group?
The disclosed peer group includes Bank of Marin Bancorp, Baycom Corp, Central Pacific Financial Corp, Coastal Financial Corporation and Community West Bancshares, among others.
What is Sierra Bancorp's chief executive pay ratio?
The company reported a chief executive pay ratio of 34.8:1 for fiscal 2025, against median employee compensation of $54,461.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hugh Boyle
Executive Vice President and Chief Credit Officer
◇◇◇———◇◇
Michael Olague
Executive Vice President and Chief Banking Officer
◇◇◇———◇◇
Christopher Treece
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Natalia Coen
Executive Vice President and Chief Risk Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin McPhaill
President and Chief Executive Officer
◇◇———◇◇◇
Michael Olague
Executive Vice President and Chief Banking Officer
◇◇————◇◇
Christopher Treece
Executive Vice President and Chief Financial Officer
◇◇————◇◇
Hugh Boyle
Executive Vice President and Chief Credit Officer
◇◇————◇◇
Natalia Coen
Executive Vice President and Chief Risk Officer
◇◇————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin McPhaill
President and Chief Executive Officer
◇◇◇——◇◇◇
Michael Olague
Executive Vice President and Chief Banking Officer
◇◇◇———◇◇
Christopher Treece
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Hugh Boyle
Executive Vice President and Chief Credit Officer
◇◇◇———◇◇
Natalia Coen
Executive Vice President and Chief Risk Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher G. TreecePSU◇—◇—◇—◇
Hugh F. BoylePSU◇—◇—◇—◇
Kevin J. McPhaillRSU◇——◇——◇
Michael W. OlagueRSU◇——◇——◇
Natalia CoenPSU◇—◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Natalia CoenRSU◇◇——
Christopher TreeceRSU◇◇——
Michael OlagueRSU◇◇——
Kevin McPhaillRSU◇◇——
Hugh BoyleRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Morris A. Tharp
Board chair
◇◇———◇◇
Julie G. Castle
◇◇————◇
Albert L. Berra
◇◇———◇◇
James C. Holly
◇◇————◇
Lynda B. Scearcy
◇◇————◇
Susan M. Abundis
◇◇————◇
Vonn R. Christenson
◇◇————◇
Michele M. Gil
◇◇————◇
Ermina Karim
◇◇————◇
Laurence S. Dutto
◇◇————◇
Kevin J. McPhaill served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bank of Marin Bancorp BMRC
  • Baycom Corp BCML
  • Central Pacific Financial Corp CPF
  • Coastal Financial Corporation CCB
  • Community West Bancshares CWBC
  • Equity Bancshares, Inc. EQBK
  • Farmers & Merchants Bancorp FMCB
  • First Western Financial, Inc. MYFW
  • FirstSun Capital Bancorp FSUN
  • FS Bancorp, Inc. FSBW
  • Guaranty Bancshares, Inc. GNTY
  • Hamni Financial Corporation HAFC
  • Heritage Commerce Corp HTBK
  • Northrim Bancorp, Inc. NRIM
  • Preferred Bank PFBC
  • RBB Bancorp RBB
  • South Plains Financial, Inc. SPFI
  • Southside Bancshares, Inc. SBSI
  • Third Coast Bancshares TCBX
  • Triumph Financial, Inc. TFIN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 27, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 24, 2017=◇◇◇
2015May 25, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Sierra Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Sierra Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
182 figures on this page: 171 cited to the filing that reported them, 11 calculated from figures it prints.
171 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-064916
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-040182
    CEO Pay Ratio · Director Compensation · EXECUTIVE OFFICER AND DIRECTOR COMPENSATION · Grants of Plan-Based Awards · and 2 more sections
  3. 0001558370-25-008088
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-25-004576
    Summary Compensation
  5. 0001558370-24-008627
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-24-004863
    Summary Compensation Table
  7. 0001558370-23-010443
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001558370-22-009369
  9. 0001558370-21-007792
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001558370-20-007055
  11. 0001564590-19-020302
  12. 0001564590-18-014298
  13. 0001144204-17-029731
  14. 0001144204-16-105102
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Velarion, “Sierra Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BSRR (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Sierra Bancorp discloses

The companies named in BSRR's own disclosed peer group.

Bank of Marin BancorpBaycom CorpCentral Pacific Financial CorpCoastal Financial CorporationCommunity West BancsharesEquity Bancshares, Inc.Farmers & Merchants BancorpFirst Western Financial, Inc.FirstSun Capital BancorpFS Bancorp, Inc.Hamni Financial CorporationHeritage Commerce CorpNorthrim Bancorp, Inc.Preferred BankRBB BancorpSouth Plains Financial, Inc.Southside Bancshares, Inc.Third Coast BancsharesTriumph Financial, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy