Form 4: CEO Richard Smith Executes TCBK Stock Vesting

CEO and President Richard Smith acquired 4,879 shares of TCBK common stock via restricted stock unit vesting and withheld 2,861 shares for tax obligations.

Summary

• CEO Richard P. Smith acquired 4,879 shares of TCBK common stock on June 12, 2026, following the vesting of restricted stock units.
• A total of 2,861 shares were withheld by the company to satisfy tax withholding requirements at a price of $52.64 per share.
• Following these transactions, the reporting person holds 281,745 shares directly.
• The reporting person maintains additional indirect holdings, including 42,972.15 shares via ESOP and 1,113,794 shares as an ESOP Trustee.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents standard executive compensation vesting rather than a discretionary market trade.

Positives

• The transaction reflects the scheduled vesting of long-term equity compensation, aligning executive interests with shareholder value.

Negatives

• None identified; this is a routine compensatory transaction.

Risks

• None identified; this is a routine compensatory transaction.

Future Outlook

Not applicable; this is a historical disclosure of an equity transaction.

Industry Context

StockSavvy.ai notes that routine equity vesting for bank executives is standard practice and does not typically signal a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The transaction follows standard industry practices for executive compensation and tax withholding protocols common among regional banking institutions.

Stakeholder Impact

• No material impact on shareholders, employees, or creditors as this is a routine equity compensation event.

Next Steps

• None

Key Dates

Keywords

TCBK, Trico Bancshares, Insider Trading, Form 4, Executive Compensation, Restricted Stock Units