Form 4: Trico Bancshares Director Margaret Kane Reports RSU Conversion
SEC Form 4 Filing
Director Margaret Kane reported the conversion of restricted stock units (RSUs) into common stock of Trico Bancshares on May 20, 2024.
Summary
- On May 20, 2024, Margaret Kane, 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 at a price of $38.51 per share.
- Following the transaction, Ms. Kane directly owns 7,310.85 shares of Trico Bancshares common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction (RSU conversion). It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a standard conversion of existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | RSUs were granted to Margaret Kane |
| 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.