Form 4: Trico Bancshares CEO Richard Smith Reports Stock Transactions
SEC Form 4 Filing
CEO Richard Smith reports the vesting of restricted stock units and related tax withholding.
Summary
- Richard P. Smith, CEO & President of Trico Bancshares, reported changes in beneficial ownership of the company's stock.
- On October 21, 2024, 3,339 shares of common stock were acquired through the vesting of restricted stock units.
- Also on October 21, 2024, 1,951 shares were disposed of to cover tax liabilities at a price of $43.26 per share.
- Following these transactions, Smith directly owns 266,420 shares of common stock.
- Smith also indirectly owns 40,647.16 shares through a spouse, 1,149,145 shares through an ESOP Trustee, and 264.47 shares through an ESOP.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/21/2022 | Date of grant for the Restricted Stock Unit award. |
| 10/21/2024 | Date of vesting of Restricted Stock Units and related tax withholding. |
| 10/22/2024 | Date of signature for the Form 4 filing. |
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