Form 4: Trico Bancshares Director Anthony Leggio Reports Stock Transactions

Director Anthony Leggio reports the vesting of restricted stock units (RSUs) into common stock and adjustments to beneficial ownership.

Summary

• On May 20, 2024, Anthony Leggio, a director of Trico Bancshares, reported the vesting of 2,193 restricted stock units (RSUs) into common stock.
• These RSUs converted on a one-for-one basis.
• The price per share on the vesting date was $38.51.
• Leggio also reported adjustments to the number of shares beneficially owned through Bolthouse Properties and in trust for family members, but no transactions occurred amongst these shares.
• The total shares beneficially owned following the reported transactions are 113,684.95 direct shares, 75,000.5 indirect shares through Bolthouse Properties, and 33,765 indirect shares held in trust for family members.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It provides transparency to investors regarding the actions of company leadership.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of comparable companies like Bank of America (BAC) and Wells Fargo (WFC) when they engage in transactions involving their company's stock.
• The vesting of RSUs is a common form of executive compensation, aligning the interests of management with those of shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It can influence investor perception of the company based on the actions of its directors.

Key Dates