Form 4: Trico Bancshares CEO Richard Smith Reports Stock Transactions
SEC Form 4 Filing
Trico Bancshares CEO Richard Smith reports the vesting of restricted stock units and associated tax withholding.
Summary
- On June 5, 2024, Richard P. Smith, CEO and President of Trico Bancshares, reported transactions involving the company's common stock.
- Smith acquired 3,704 shares of common stock through the vesting of restricted stock units.
- 2,164 shares were disposed of to cover tax liabilities at a price of $37.39 per share.
- Following these transactions, Smith directly owns 263,129 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: This is a routine regulatory filing reflecting standard executive compensation practices, and does not indicate any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/05/2020 | Date of grant for the Restricted Stock Unit award. |
| 06/05/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 06/06/2024 | Date of signature for the Form 4 filing. |
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