Form 4: Trico Bancshares EVP Daniel Bailey Reports Stock Transactions

Daniel Bailey, EVP and Chief Banking Officer of Trico Bancshares, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On June 12, 2024, Daniel Bailey, EVP and Chief Banking Officer of Trico Bancshares, reported transactions involving the company's common stock.
• Mr. Bailey vested 1,508 restricted stock units, which converted into common stock.
• Simultaneously, 881 shares were withheld to cover tax liabilities at a price of $37.8 per share.
• Following these transactions, Mr. Bailey directly owns 53,934.41 shares of common stock and indirectly owns 10,875 shares through an ESOP.
• He also holds 10,207 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on standard executive compensation practices. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice in the financial industry to monitor such filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock units.
• Employees holding similar stock units may be interested in the vesting price and tax implications.

Key Dates