Form 4: Trico Bancshares EVP Peter Wiese Reports Stock Transactions

EVP and Chief Financial Officer of Trico Bancshares, Peter Wiese, reports the vesting and disposal of shares related to restricted stock units.

Summary

• On March 3, 2025, Peter Wiese, EVP and Chief Financial Officer of Trico Bancshares, reported transactions involving common stock and restricted stock units.
• Wiese vested 1,905 shares from a restricted stock unit award granted on March 1, 2024.
• 605 shares were withheld to cover tax liabilities at a price of $43.33 per share.
• Following these transactions, Wiese directly owns 41,050 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 reported transactions, Wiese directly owns 10,445 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative implications for the company's overall performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to receive and vest stock options or restricted stock units as part of their compensation packages.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedule of 33.3% per year is a common vesting structure for restricted stock units.
• Tax withholding on vested shares is a standard procedure to cover the executive's tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they represent a small portion of the total outstanding shares.
• The vesting of restricted stock units incentivizes the executive to contribute to the company's long-term success.

Key Dates