Form 4: Trico Bancshares EVP Peter G. Wiese Reports Stock Transactions

EVP and Chief Financial Officer of Trico Bancshares, Peter G. Wiese, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On June 5, 2024, Peter G. Wiese, EVP and Chief Financial Officer of Trico Bancshares, reported transactions involving common stock and restricted stock units.
• 1,795 shares were acquired through the vesting of restricted stock units.
• 45 shares were disposed of to cover tax liabilities at a price of $37.39 per share.
• Following these transactions, Wiese directly owns 36,850 shares of common stock.
• Wiese also indirectly owns 1,292.56 shares through an ESOP and 2,700 shares through a family trust.
• After the transaction, Wiese directly owns 15,440 restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine insider transactions related to compensation.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests with the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.

Key Dates