Form 4: Trico Bancshares Director Jon Nakamura Converts Restricted Stock Units to Common Stock
SEC Form 4
Director Jon Nakamura converted 2,193 restricted stock units into common stock of Trico Bancshares on May 20, 2024.
Summary
- On May 20, 2024, Jon Nakamura, a director of Trico Bancshares, converted 2,193 restricted stock units (RSUs) into common stock.
- The RSUs were granted on May 18, 2023, and vested on May 20, 2024.
- The conversion occurred on a one-for-one basis.
- The price per share on the vesting date was $38.51.
- Following the transaction, Nakamura directly owns 4,107 shares of common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reports a standard transaction related to executive compensation. No significant positive or negative implications are apparent.
Positives
- The conversion of RSUs to common stock indicates confidence in the company's future performance from a director.
Industry Context
This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Comparison to Industry Standards
- Equity compensation is a standard practice in the banking industry to align the interests of executives and shareholders.
- The vesting schedule and conversion terms appear typical for RSU grants.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | RSUs were granted to Jon Nakamura. |
| 05/20/2024 | RSUs vested and were converted into common stock. |
| 05/21/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.