Form 4: Trico Bancshares Director Cory W. Giese Reports Stock Transactions
SEC Form 4 Filing
Director Cory W. Giese reported the vesting of restricted stock units (RSUs) into common stock and adjustments to spousal and ESOP holdings.
Summary
- On May 20, 2024, Cory W. Giese, 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, with a vesting date price of $38.51 per share.
- Giese directly owns 14,693.47 shares of common stock following the transaction.
- The report also reflects adjustments to the number of shares beneficially owned indirectly through a spouse and as an ESOP trustee, with no actual transactions occurring among those shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is typical for directors to receive and vest RSUs as part of their compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | RSUs were granted. |
| 05/20/2024 | Date of transaction: vesting of RSUs into common stock. |
| 05/21/2024 | Date of report filing. |
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