Form 4: TRICO BANCSHARES Director Margaret Kane Reports Routine Equity Transactions

TRICO BANCSHARES Director Margaret Kane has reported the vesting of 2,154 restricted stock units into common stock and the grant of an additional 2,111 restricted stock units.

Summary

• Margaret L. Kane, a Director of TRICO BANCSHARES (TCBK), reported changes in her beneficial ownership through a Form 4 filing.
• On May 23, 2025, 2,154 Restricted Stock Units (RSUs) previously granted on May 23, 2024, vested and converted into common stock on a one-for-one basis. The price per share on the vesting date was $39.33.
• On May 22, 2025, Ms. Kane 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 grant date was $39.08, based on the 30-day average closing price of TCBK 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, Ms. Kane directly beneficially owns 9,700.08 shares of Common Stock and 2,111 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of insider equity transactions, reflecting standard compensation practices for a director. The grant of new RSUs aligns the director's interests with long-term shareholder value, which is generally viewed positively.

Positives

• The grant of new Restricted Stock Units (RSUs) to a director aligns her interests with long-term shareholder value.
• The vesting of previously granted RSUs indicates the fulfillment of prior performance or time-based conditions, reflecting standard compensation practices.

Future Outlook

The document indicates future equity compensation for the director, with 2,111 Restricted Stock Units scheduled to vest on May 22, 2026.

Industry Context

This Form 4 filing details routine insider equity transactions for a director of TRICO BANCSHARES, a financial institution. Such disclosures are standard practice in the banking and financial services industry, reflecting how companies compensate their leadership and align their interests with shareholders.

Related Party Transactions

• The reported transactions represent equity compensation for a director, which is a common form of related party transaction in corporate governance.

Stakeholder Impact

• Shareholders: The equity grants to the director help align management's interests with shareholder value creation over the long term.

Next Steps

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

Key Dates

Keywords

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