Form 4: Trico Bancshares EVP Peter Wiese Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Financial Officer of Trico Bancshares, Peter Wiese, reports the vesting of restricted stock units and related tax withholding.
Summary
- On June 12, 2024, Peter Wiese, EVP and Chief Financial Officer of Trico Bancshares, reported transactions involving the company's common stock.
- Wiese vested 1,975 shares of common stock from a restricted stock unit award granted on June 12, 2023.
- 225 shares were withheld to cover tax liabilities related to the vesting.
- Following these transactions, Wiese directly owns 38,600 shares of Trico Bancshares common stock.
- Wiese also indirectly owns 1,292.56 shares through an ESOP and 2,700 shares through a family trust.
- The price per share on the vesting date was $37.80.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Date of grant for the Restricted Stock Unit award. |
| 06/12/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 06/13/2024 | Date of signature on the Form 4 filing. |
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