Form 4: Trico Bancshares Director John Hasbrook Acquires Restricted Stock Units

Director John Hasbrook received a grant of 2,087 Restricted Stock Units (RSUs) in Trico Bancshares, vesting in one year.

Summary

• On May 23, 2024, John S A Hasbrook, a director of Trico Bancshares, received a grant of 2,087 Restricted Stock Units (RSUs).
• The RSUs vest in one year, with 100% of the shares vesting on May 23, 2025.
• Cash dividends on the RSUs will be reinvested in shares of Trico Bancshares' common stock at fair market value on the date of dividend payment.
• The per-unit value on the grant date was $35.93, based on the 30-day average closing price of Trico Bancshares' common stock ending May 23, 2024.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction (granting of RSUs) and is generally neutral to positive as it aligns director interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The RSUs vest in one year, aligning the director's interests with the company's performance over that period.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the banking industry, used to incentivize performance and retain key personnel.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term performance.

Key Dates