Form 4: Trico Bancshares Director Acquires Shares
Statement of Changes in Beneficial Ownership
Director Martin Mariani of Trico Bancshares acquired shares through the vesting of Restricted Stock Units and was granted new Restricted Stock Units.
Summary
- Director Martin Mariani acquired 2,178 shares of common stock upon the vesting of Restricted Stock Units (RSUs) on May 22, 2026. These RSUs were originally granted on May 22, 2025.
- Additionally, on May 21, 2026, Mr. Mariani was granted 1,646 new Restricted Stock Units.
- The vesting of the RSUs included accumulated dividends, converting into common stock on a one-for-one basis.
- The price per share on the vesting date (May 22, 2026) was $50.68.
- The per-unit value of the new RSU award on the grant date (May 21, 2026) was $50.11, based on the 30-day average closing price.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting routine equity compensation for a director rather than significant company performance news.
Positives
- Director's continued investment and ownership in the company through RSU vesting.
- Grant of new equity awards, indicating management's confidence and incentive alignment.
- Accumulated dividends were included in the RSU conversion, increasing the value received by the director.
Future Outlook
The filing does not contain specific forward-looking statements or guidance. However, the grant of new RSUs with a vesting date of 05/21/27 suggests continued incentive alignment for the director.
Industry Context
StockSavvy.ai notes that the use of Restricted Stock Units (RSUs) for director compensation is a common practice in the financial services industry, aligning executive and director interests with those of shareholders through equity ownership.
Stakeholder Impact
- Shareholders: The transactions reflect standard equity compensation for a director, which is typical for aligning interests. The vesting of RSUs and grant of new ones do not immediately dilute share value but represent future potential share issuance.
Next Steps
- The new Restricted Stock Units granted on 05/21/2026 are scheduled to vest 100% on 05/21/2027.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Original grant date for Restricted Stock Units that vested on 05/22/2026. |
| 05/21/2026 | Grant date for new Restricted Stock Units. |
| 05/22/2026 | Vesting date for Restricted Stock Units and conversion into common stock. |
| 05/26/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Trico Bancshares, TCBK, Form 4, Director, Restricted Stock Units, RSU, Common Stock, Beneficial Ownership, Securities Exchange Act
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