Form 4: TRICO BANCSHARES CFO Peter Wiese Reports RSU Vesting and Tax-Related Stock Sale

TRICO BANCSHARES' Executive Vice President and Chief Financial Officer, Peter G. Wiese, reported the vesting of 2,039 Restricted Stock Units and a subsequent sale of 289 shares to cover tax liabilities on June 12, 2025.

Summary

• Peter G. Wiese, EVP Chief Financial Officer of TRICO BANCSHARES (TCBK), reported transactions on June 12, 2025.
• He acquired 2,039 shares of Common Stock through the vesting of Restricted Stock Units (RSUs).
• These RSUs were part of an award granted on June 12, 2023, with 33% vesting on this date.
• The price per share on the vesting date was $40.72.
• Concurrently, 289 shares of Common Stock were disposed of to cover tax liabilities associated with the RSU vesting.
• Following these transactions, Mr. Wiese directly owns 43,750 shares of Common Stock.
• He also indirectly owns 1,761.43 shares through an ESOP and 2,700 shares through a family trust.
• After the vesting, Mr. Wiese beneficially owns 12,163 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The vesting of RSUs is a positive for the executive and indicates ongoing compensation, while the sale for tax purposes is a standard, neutral event. It doesn't indicate any significant positive or negative operational news for the company itself.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of long-term incentive compensation for the CFO.
• The acquisition of shares through vesting increases the CFO's direct ownership in the company, aligning his interests with shareholders.

Negatives

• A portion of the vested shares (289 shares) was sold to cover tax liabilities, which is a common practice but represents a reduction in direct shareholding from the gross vested amount.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide broader industry context or trends. It reflects standard executive compensation practices within the financial services sector, where equity awards like Restricted Stock Units are common.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax-related sale by a key executive (CFO) provides transparency into insider holdings and compensation practices. It does not directly impact company operations or financial performance beyond the compensation expense already accounted for.

Key Dates

Recommendation

Keywords

TRICO BANCSHARES, TCBK, Peter G. Wiese, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Sale, CFO, Executive Compensation, Beneficial Ownership