Form 4: Trico Bancshares Director Martin Mariani Reports Stock Conversion
SEC Form 4 Filing
Director Martin Mariani converted 2,193 restricted stock units (RSUs) into common stock of Trico Bancshares on May 20, 2024.
Summary
- On May 20, 2024, Martin Mariani, 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 was converted into one share of common stock.
- Following the transaction, Mariani directly owns 56,721 shares of Trico Bancshares common stock.
- The price per share on the vesting date was $38.51.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a scheduled vesting of RSUs. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies.
Stakeholder Impact
- The conversion of RSUs into common stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | RSUs were granted |
| 05/20/2024 | Date of RSU conversion to common stock |
| 05/21/2024 | Date of Form 4 filing |
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