TCBK.NASDAQTrico Bancshares /

Form 4: Trico Bancshares Director Thomas McGraw Reports RSU Conversion

Sentiment:

SEC Form 4 Filing

📋All filings for Trico Bancshares /
🔒Login to Follow

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

Summary

  • On May 20, 2024, Thomas McGraw, a director of Trico Bancshares, converted 2,193 Restricted Stock Units (RSUs) into common stock.
  • The conversion occurred upon vesting of the RSUs on a one-for-one basis.
  • The RSUs were initially granted on May 18, 2023.
  • The price per share on the vesting date (May 20, 2024) was $38.51.
  • Following the reported transaction, McGraw directly owns 352,397 shares of Trico Bancshares common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a standard vesting and conversion of RSUs, a common form of executive compensation in publicly traded companies.

Stakeholder Impact

  • The conversion of RSUs into common stock may have a minor dilutive effect on existing shareholders.

Key Dates

DateDescription
05/18/2023RSUs were granted.
05/20/2024Date of RSU conversion to common stock.
05/21/2024Date of signature on the 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.