Form 4: Trico Bancshares Director Acquires Shares

Director Anthony L. Leggio of Trico Bancshares acquired shares through the vesting of restricted stock units and was granted new restricted stock units.

Summary

• Anthony L. Leggio, a Director at Trico Bancshares (TCBK), reported transactions involving company stock.
• On May 22, 2026, 2,178 shares of common stock were acquired upon the vesting of Restricted Stock Units (RSUs), including accumulated dividends, on a one-for-one basis.
• These RSUs were originally granted on May 22, 2025, and the price per share on the vesting date was $50.68.
• Following this transaction, Mr. Leggio beneficially owns 117,018 shares directly.
• Additionally, on May 21, 2026, Mr. Leggio was granted 1,646 new Restricted Stock Units (RSUs).
• These new RSUs vest 100% on May 21, 2027.
• Cash dividends on RSUs are reinvested into additional shares of common stock at fair market value on the dividend payment date.
• The per-unit value of the new RSUs on the grant date was $50.11, based on the 30-day average closing price ending May 21, 2026.
• Mr. Leggio also holds 29,424 shares indirectly through trusts for family members and 75,000 shares indirectly through Bolthouse Properties.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions related to executive compensation and does not contain significant new financial performance data or strategic shifts.

Positives

• Director Anthony L. Leggio acquired additional shares in Trico Bancshares through the vesting of RSUs, indicating continued alignment with the company's performance.
• The grant of new RSUs suggests management's ongoing commitment and incentive structure.
• The reinvestment of dividends into additional shares for RSUs demonstrates a mechanism for increasing beneficial ownership over time.

Future Outlook

The filing indicates that 100% of the newly granted Restricted Stock Units will vest on May 21, 2027. Cash dividends on RSUs will continue to be reinvested into additional shares.

Industry Context

StockSavvy.ai notes that insider transactions, such as the acquisition of shares by directors through RSU vesting and grants, are common in the banking sector as a method of executive compensation and alignment with shareholder interests. The reported values reflect current market conditions for Trico Bancshares.

Stakeholder Impact

• Shareholders: The transactions reflect continued insider ownership and alignment, which can be viewed positively. The acquisition of shares by a director through RSU vesting is a standard compensation practice.
• Employees: The RSU grants and vesting structure are part of the company's employee and executive compensation strategy.
• Management: The transactions are part of the compensation and incentive structure for key management personnel.

Next Steps

• Vesting of 1,646 Restricted Stock Units on May 21, 2027.
• Continued reinvestment of cash dividends on RSUs into additional shares.

Key Dates

Keywords

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