Form 4: Trico Bancshares EVP Craig Carney Reports Stock Transactions
SEC Form 4 Filing
Craig Carney, EVP and Chief Credit Officer of Trico Bancshares, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Craig Carney, EVP and Chief Credit Officer of Trico Bancshares, reported transactions involving the company's common stock on June 12, 2024.
- These transactions included the vesting of 1,439 restricted stock units and the withholding of 841 shares to cover tax liabilities.
- Following these transactions, Carney directly owns 33,695 shares of common stock.
- He also indirectly owns 19,560.87 shares through an ESOP and 156.17 shares through his daughter.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing stock transactions, which is neutral to slightly positive as it reflects executive compensation and ownership.
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.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- Similar filings are made by executives at comparable regional banks such as Westamerica Bancorporation and CVB Financial Corp, disclosing their stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Date of grant for the restricted stock unit award. |
| 06/12/2024 | Date of the reported transactions, including vesting of restricted stock units and tax withholding. |
| 06/13/2024 | Date of signature for the Form 4 filing. |
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