Form 4: TRICO BANCSHARES Chief Human Resources Officer No Longer Subject to Section 16 Reporting
Insider Ownership Change Filing
A recent SEC Form 4 filing indicates that Judi Giem, Chief Human Resources Officer of TRICO BANCSHARES (TCBK), is no longer subject to Section 16 reporting obligations.
Summary
- The document is a U.S. Securities and Exchange Commission (SEC) Form 4, Statement of Changes in Beneficial Ownership.
- The reporting person is Judi Giem, identified as the Chief Human Resources Officer of TRICO BANCSHARES (TCBK).
- The filing explicitly states that the reporting person is 'no longer subject to Section 16' of the Securities Exchange Act of 1934.
- Both Table I (Non-Derivative Securities) and Table II (Derivative Securities) are empty, indicating no transactions were reported in this filing.
- The filing date and the date of the earliest transaction are both May 23, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing indicating a change in an individual's reporting status, with no direct financial or operational implications for the company. Therefore, the sentiment is neutral.
Future Outlook
This filing is procedural and does not contain any forward-looking statements or guidance regarding the company's financial performance or strategic outlook.
Industry Context
SEC Form 4 filings are routine regulatory disclosures for publicly traded companies, reporting changes in beneficial ownership by company insiders. This specific filing indicates a change in an individual's reporting status rather than a transaction, which is a standard procedural event in corporate governance.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Human Resources Officer | Judi Giem | N/A (Judi Giem is no longer subject to Section 16 reporting) | 05/23/2025 | Judi Giem is no longer subject to Section 16 reporting obligations, which typically implies a change in her role or departure from a position requiring such reporting. |
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a procedural filing indicating a change in an insider's reporting status rather than a transaction or operational update.
- Employees: Potential indirect impact if the cessation of Section 16 reporting is due to a change in role or departure of the Chief Human Resources Officer, which could affect HR operations or leadership.
Next Steps
- While the reporting person is no longer subject to Section 16, the form notes that Form 4 or Form 5 obligations may continue under certain circumstances as per Instruction 1(b).
Key Dates
| Date | Description |
|---|---|
| 05/23/2025 | Date of Earliest Transaction, Filing Date, and Signature Date for the Form 4. |
Keywords
SEC Form 4, TRICO BANCSHARES, TCBK, Judi Giem, Section 16, Beneficial Ownership, Insider Reporting, Chief Human Resources Officer
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