Form 4: Trico Bancshares Director Acquires Shares
Insider Transaction Report
Director Margaret L. Kane of Trico Bancshares reported the acquisition of common stock through the vesting of Restricted Stock Units.
Summary
- Director Margaret L. Kane acquired 2,178 shares of common stock in Trico Bancshares on May 22, 2026, through the conversion of Restricted Stock Units (RSUs) upon vesting.
- These RSUs were originally granted on May 22, 2025, and included accumulated dividends, converting on a one-for-one basis.
- The price per share on the vesting date was $50.68.
- Additionally, on May 21, 2026, Ms. Kane was granted 1,646 Restricted Stock Units.
- These newly granted RSUs will vest 100% 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 ending May 21, 2026.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting routine equity compensation and vesting for a director, indicating ongoing alignment with the company's performance.
Positives
- Director acquisition of shares indicates confidence in the company.
- Vesting of RSUs and dividend reinvestment demonstrate continued equity accumulation by management.
- The grant of new RSUs suggests a commitment to long-term incentive alignment for the director.
Future Outlook
The vesting schedule for the newly granted Restricted Stock Units indicates a continued incentive for the director to remain with the company until May 21, 2027.
Industry Context
StockSavvy.ai notes that insider transactions, such as the acquisition of shares by directors, are common in the banking sector as a way to align executive interests with shareholder value. The use of Restricted Stock Units is a standard practice for compensation and retention in financial institutions.
Stakeholder Impact
- Shareholders: The acquisition of shares by a director can be viewed positively, suggesting insider confidence in the company's future prospects.
Next Steps
- Vesting of the remaining 1,646 Restricted Stock Units on May 21, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Grant date of initial Restricted Stock Units. |
| 05/21/2026 | Date of grant for new Restricted Stock Units and date used for 30-day average closing price calculation for RSU award value. |
| 05/22/2026 | Vesting date for initial Restricted Stock Units and conversion into common stock. |
| 05/21/2027 | 100% vesting date for the newly granted Restricted Stock Units. |
| 05/26/2026 | Date of filing for the Form 4 statement. |
Keywords
Trico Bancshares, TCBK, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Common Stock, Director, Equity Award
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