Form 4: Trico Bancshares Director Acquires Shares
Insider Transaction Report
John S. Hasbrook, a Director at Trico Bancshares, reported the acquisition of common stock through the vesting of restricted stock units.
Summary
- Director John S. Hasbrook acquired 2,178 shares of common stock on May 22, 2026, through the conversion of vested Restricted Stock Units (RSUs).
- These RSUs, granted on May 22, 2025, included accumulated dividends and converted on a one-for-one basis.
- The price per share on the vesting date was $50.68.
- Additionally, on May 21, 2026, Hasbrook was granted 1,676 RSUs, which vest fully on May 21, 2027.
- Cash dividends on RSUs are reinvested into common stock at fair market value.
- The per-unit value of the new RSU grant on the date of award 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, as it represents a director increasing their stake through standard compensation mechanisms, indicating confidence but not a significant new investment.
Positives
- Director acquisition of company stock signals confidence in the company's future.
- Vesting of RSUs indicates the fulfillment of performance or service conditions.
- Reinvestment of dividends into stock further increases beneficial ownership.
Future Outlook
The filing does not contain forward-looking statements or guidance. The details pertain to past transactions and grants.
Industry Context
StockSavvy.ai notes that insider stock acquisitions, particularly by directors, are common within the banking sector as a signal of management's belief in the company's stability and growth prospects.
Stakeholder Impact
- Shareholders: The acquisition by a director may be viewed positively, suggesting confidence in the company's performance and value.
- Employees: The use of RSUs as a compensation tool aligns with common industry practices and can incentivize performance.
Next Steps
- Full vesting of the 1,676 RSUs granted on May 21, 2026, on May 21, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Grant date for Restricted Stock Units that vested on 05/22/2026. |
| 05/21/2026 | Grant date for new Restricted Stock Units. |
| 05/21/2027 | Vesting date for new Restricted Stock Units granted on 05/21/2026. |
| 05/22/2026 | Date of conversion of vested Restricted Stock Units into common stock. |
| 05/26/2026 | Date of filing for the Form 4. |
Keywords
Trico Bancshares, TCBK, Form 4, Insider Trading, Restricted Stock Units, RSU, Director, Stock Acquisition, Beneficial Ownership
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