Form 4: Trico Bancshares CEO Richard Smith Reports Stock Transactions
SEC Form 4 Filing
CEO Richard Smith of Trico Bancshares reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Richard P. Smith, CEO and President of Trico Bancshares, filed a Form 4 detailing changes in beneficial ownership.
- On June 12, 2024, 4,579 restricted stock units vested, converting into common stock.
- A portion of the shares (2,676) were withheld to cover tax liabilities at a price of $37.80 per share.
- Following these transactions, Smith directly owns 265,032 shares of common stock.
- Smith also has indirect ownership through an ESOP (40,647.16 shares), his spouse (260.23 shares), and as an ESOP Trustee (1,174,695 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Date of grant for the Restricted Stock Unit award. |
| 06/12/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 06/13/2024 | Date of Form 4 filing. |
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