Form 4: Trico Bancshares Director Michael Koehnen Reports Stock Transactions

Director Michael Koehnen reports the vesting and conversion of restricted stock units (RSUs) into common stock, along with adjustments to beneficial ownership.

Summary

• On May 20, 2024, Michael Koehnen, a director of Trico Bancshares, reported the vesting of 2,193 restricted stock units (RSUs) which converted into 2,193 shares of common stock.
• The price per share on the vesting date was $38.51.
• Koehnen also reported adjustments to the number of shares beneficially owned through various entities, including his spouse, mother's trust, and Koehnen & Sons Profit Sharing and ESOP Trustee, but indicated no actual transactions occurred amongst these shares.
• The report was filed on May 21, 2024.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of previously granted RSUs, which is a common form of executive compensation.

Stakeholder Impact

• The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares from the RSU conversion.

Key Dates