Form 4: Trico Bancshares EVP John Fleshood Reports Stock Transactions

EVP and Chief Operating Officer of Trico Bancshares, John Fleshood, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On October 21, 2024, John Fleshood, EVP and Chief Operating Officer of Trico Bancshares, reported transactions involving the company's common stock.
• A total of 1,341 restricted stock units vested, converting into common stock.
• Following the vesting, 783 shares were withheld to cover tax liabilities at a price of $43.26 per share.
• After these transactions, Fleshood directly owns 38,747.45 shares of common stock and indirectly owns 2,015.34 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like John Fleshood, transact in their company's stock. It provides transparency to the market regarding the trading activities of those with privileged information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting of restricted stock units is a common form of executive compensation, aligning the executive's interests with those of the shareholders.
• Tax withholding on vested shares is also a typical procedure.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates