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 subsequent tax liability coverage through withheld shares.
Summary
- Richard P. Smith, CEO & President of Trico Bancshares, reported transactions involving the company's common stock on May 28, 2024.
- Smith exercised 2,288 Restricted Stock Units (RSUs) that vested on May 28, 2024, at a price of $37.56 per share.
- He also disposed of 1,337 shares to cover tax liabilities associated with the vesting of the RSUs.
- Following these transactions, Smith directly owns 261,589 shares of Trico Bancshares common stock.
- He also indirectly owns 40,647.16 shares through an ESOP, 260.23 shares through his spouse, and 1,174,695 shares as ESOP Trustee.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no indication of unusual or concerning activity.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/27/2021 | Date of grant for the Restricted Stock Unit award. |
| 05/28/2024 | Date of RSU vesting and stock transactions. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.