Form 4: Trico Bancshares EVP Craig Carney Reports Stock Transactions

Craig Carney, EVP and Chief Credit Officer of Trico Bancshares, reports the vesting and subsequent sale of restricted stock units to cover tax liabilities.

Summary

• On March 3, 2025, Craig Carney, EVP and Chief Credit Officer of Trico Bancshares, reported transactions involving the company's common stock.
• Mr. Carney vested 1,387 restricted stock units (RSUs) which converted into common stock.
• Simultaneously, 885 shares were withheld to cover tax liabilities at a price of $43.33 per share.
• Following these transactions, Mr. Carney directly owns 34,629 shares of Trico Bancshares common stock.
• He also indirectly owns 19,560.87 shares through an ESOP and 159.89 shares through his daughter.

Sentiment

Score: 5

Explanation: This is a neutral reporting of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to track insider sentiment and potential alignment with company performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions reported are typical for executives receiving stock-based compensation.
• Similar filings can be observed for executives at comparable regional banks like Bank of Marin Bancorp (BMRC) or Westamerica Bancorporation (WABC).

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
• Employees holding RSUs may be interested in the vesting schedule and tax implications.

Key Dates