Form 4: TRICO BANCSHARES Director Cory Giese Reports Routine Equity Transactions

TRICO BANCSHARES Director Cory W. Giese has reported the vesting of 2,154 Restricted Stock Units into common stock and the grant of 2,111 new Restricted Stock Units.

Summary

• Cory W. Giese, a Director at TRICO BANCSHARES (TCBK), reported changes in his beneficial ownership of company securities.
• On May 23, 2025, 2,154 Restricted Stock Units (RSUs) granted on May 23, 2024, vested and converted into common stock on a one-for-one basis, with the common stock valued at $39.33 per share on the vesting date.
• On May 22, 2025, Mr. Giese was granted 2,111 new Restricted Stock Units (RSUs).
• These newly granted RSUs are scheduled to vest 100% on May 22, 2026.
• The per unit value of the new RSU grant on the date of grant was $39.08, based on the 30-day average closing price of TRICO BANCSHARES' common stock ending May 22, 2025.
• Cash dividends on RSUs are reinvested in shares of the Issuer's common stock at fair market value on the date of dividend payment.
• Following these transactions, Mr. Giese directly owns 8,282.47 shares of common stock and 2,111 Restricted Stock Units.
• Indirect beneficial ownership includes 44,242 shares by spouse and 1,136,906 shares as ESOP Trustee.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine equity compensation for a director, aligning their interests with shareholders. It's not highly impactful but indicates normal corporate governance and compensation practices.

Positives

• The vesting of 2,154 Restricted Stock Units into common stock increases the director's direct ownership in the company, aligning his interests with shareholders.
• The grant of 2,111 new Restricted Stock Units demonstrates ongoing equity compensation for the director, which is a common practice to incentivize long-term performance and retention.

Future Outlook

The newly granted 2,111 Restricted Stock Units are scheduled to vest 100% on May 22, 2026, indicating future equity accumulation for the director.

Industry Context

This Form 4 filing details routine equity compensation for a director, which is a standard practice across industries to align management incentives with shareholder value. It does not provide information on broader industry trends.

Stakeholder Impact

• Shareholders: The transactions indicate continued alignment of the director's interests with shareholders through equity ownership and future vesting, potentially fostering long-term value creation.

Next Steps

• The 2,111 Restricted Stock Units granted on May 22, 2025, are expected to vest on May 22, 2026.

Key Dates

Keywords

TRICO BANCSHARES, TCBK, Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Compensation, Director Stock, Beneficial Ownership, Stock Vesting