Form 4: Trico Bancshares Director Kirsten Garen Converts Restricted Stock Units to Common Stock

Director Kirsten Garen converted 2,193 restricted stock units (RSUs) into common stock of Trico Bancshares on May 20, 2024.

Summary

• On May 20, 2024, Kirsten E Garen, a director of Trico Bancshares, converted 2,193 restricted stock units (RSUs) into common stock.
• The conversion occurred upon vesting of the RSUs, which were initially granted on May 18, 2023.
• Each RSU converted into one share of common stock.
• The price per share on the vesting date was $38.51.
• Following the transaction, Garen directly owns 7,301.07 shares of Trico Bancshares common stock.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting a standard vesting of equity compensation. It doesn't inherently signal positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects the standard vesting of previously granted equity compensation.

Stakeholder Impact

• The conversion of RSUs into common stock slightly increases the number of outstanding shares, which could have a marginal dilutive effect on existing shareholders.

Key Dates