Form 4: Trico Bancshares CEO Richard Smith Reports Stock Transactions

CEO Richard Smith reports the vesting of restricted stock units and associated tax liability coverage through share withholding.

Summary

• Richard P. Smith, CEO & President of Trico Bancshares, reported transactions involving common stock and restricted stock units on March 3, 2025.
• 4,412 restricted stock units vested, and the same number of common stock shares were acquired as a result.
• 2,581 shares were disposed of to cover tax liabilities at a price of $43.33 per share.
• Following these transactions, Smith directly owns 268,251 shares of common stock.
• Smith also has indirect ownership through a spouse (266.42 shares), an ESOP (40,647.16 shares), and as an ESOP Trustee (1,136,906 shares).
• He also directly owns 23,917 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of routine insider transactions related to executive compensation.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• They provide transparency into executive compensation and ownership.

Key Dates