Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 1, 2026, the Board of Directors (the "Board") of Plumas Bancorp (the "Company") adopted a new form of restricted stock unit award agreement under the Plumas Bancorp 2022 Equity Incentive Plan (the "Plan"), which form will be used for grants to directors, executives and employees from time to time.

The form of restricted stock unit award provides for the grant of restricted units of common stock of the Company that are subject to vesting over time. The vesting of restricted stock units is subject to the grantee's continued employment or service through the vesting date. The Board or its authorized committee under the Plan will establish the vesting schedule for the restricted stock units.

In contrast to the Company's previous form of award agreement, the new form of restricted stock unit award agreement provides that no cash dividends or dividend equivalents will be awarded on shares of common stock underlying unvested restricted stock units and that participants are only entitled to dividends payable on shares issued after vesting.

A copy of the newly approved form of award is filed as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the form of award is qualified in its entirety by reference to the full text of the form filed with this report.