Form 4: TCBK EVP Chief Credit Officer Reports Stock Transactions

TRICO BANCSHARES EVP Chief Credit Officer Craig Carney reported the vesting of Restricted Stock Units and a subsequent sale of shares to cover tax liabilities.

Summary

• Craig B. Carney, EVP Chief Credit Officer of TRICO BANCSHARES (TCBK), reported transactions involving the company's common stock.
• On March 2, 2026, 1,432 shares of common stock were acquired through the vesting of a Restricted Stock Unit (RSU) award.
• This RSU award represented 33% vesting of an award granted on March 1, 2024, and included accumulated dividends.
• Concurrently, 915 shares of common stock were disposed of on March 2, 2026, to satisfy tax liabilities associated with the RSU vesting.
• The price per share for the disposed shares was $48.36.
• Following these transactions, Craig B. Carney directly beneficially owns 37,667 shares of common stock.
• Indirect beneficial ownership includes 9,898.03 shares through an ESOP and 163.81 shares held by a daughter.
• Carney also holds 6,555 Restricted Stock Units as derivative securities after the reported vesting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The vesting of RSUs is a positive for the executive, but the sale of shares to cover taxes is a routine, non-discretionary transaction that does not signal a change in company fundamentals or executive sentiment.

Positives

• The vesting of 1,432 Restricted Stock Units represents a form of compensation for the EVP Chief Credit Officer, indicating continued alignment of executive interests with shareholder value.

Negatives

• A portion of the vested shares (915 shares) was sold to cover tax liabilities, resulting in a reduction of direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are individual insider transaction reports and do not typically reflect broader industry trends. This specific filing details a routine compensation event for an executive within the banking sector.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine executive compensation event and tax-related sale, not a discretionary divestment.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of Restricted Stock Units and a subsequent sale of shares to cover tax obligations. Such transactions are common and do not typically indicate a change in the company's fundamental outlook or the executive's long-term confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

TRICO BANCSHARES, TCBK, Craig Carney, Insider Transaction, Form 4, Restricted Stock Unit, RSU Vesting, Stock Sale, Executive Compensation, Beneficial Ownership