Form 4: Trico Bancshares Director Acquires Shares

Trico Bancshares Director Thomas C. McGraw acquired shares through the vesting of Restricted Stock Units and was granted new Restricted Stock Units.

Summary

• Director Thomas C. McGraw 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. McGraw 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 of the RSUs was $50.68.
• The per-unit value of the newly granted RSUs on the date of grant was $50.11, based on the 30-day average closing price of the Issuer's common stock ending May 21, 2026.
• All shares acquired and granted are directly beneficially owned by Mr. McGraw.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions (share acquisition and grant) without providing new financial performance data or strategic outlook.

Positives

• Director acquisition of shares indicates confidence in the company's future.
• Vesting of RSUs and grant of new RSUs suggest ongoing incentive alignment between management and shareholders.
• The acquisition of 2,178 shares upon vesting, including accumulated dividends, represents a tangible increase in beneficial ownership.

Negatives

• No negative financial or operational information is present in this filing.

Risks

• The value of the acquired and granted shares is subject to market fluctuations and the company's future performance.
• The vesting of the new RSUs is scheduled for May 21, 2027, meaning the shares are not yet fully owned by the director until that date.

Future Outlook

The filing indicates that the newly granted Restricted Stock Units will vest on May 21, 2027, at which point they will convert into common stock.

Management Comments

• The filing is a standard SEC Form 4 reporting insider transactions and does not contain direct management comments or quotes.
• The 'Explanation of Responses' section clarifies the nature of the transactions, such as the conversion of RSUs including accumulated dividends and the reinvestment of cash dividends on RSUs.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for publicly traded companies, detailing changes in beneficial ownership by directors, officers, and significant shareholders. These filings are crucial for transparency in corporate governance and provide insights into insider confidence.

Stakeholder Impact

• Shareholders: Increased transparency into director's holdings, potentially signaling confidence in the company's long-term value.
• Employees: The use of RSUs as a compensation tool aligns with common industry practices for retaining and incentivizing key personnel.
• Creditors: No direct impact from this filing.

Next Steps

• The 1,646 Restricted Stock Units granted on May 21, 2026, are expected to vest on May 21, 2027.
• Future Form 4 filings will report any further changes in beneficial ownership by Thomas C. McGraw.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Restricted Stock Units, RSU Vesting, Share Acquisition, Director Ownership, Trico Bancshares, TCBK, Beneficial Ownership