Form 4: Trico Bancshares Executive Daniel K. Bailey Reports Stock Transactions

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

Summary

• On March 3, 2025, Daniel K. Bailey, EVP and Chief Banking Officer of Trico Bancshares, reported transactions involving the company's common stock.
• Mr. Bailey vested 1,453 shares from a Restricted Stock Unit (RSU) award granted on March 1, 2024, representing 33.3% vesting including accumulated dividends.
• The price per share on the vesting date was $43.33.
• 927 shares were withheld to cover tax liabilities related to the vesting.
• Following these transactions, Mr. Bailey directly owns 54,918.41 shares of Trico Bancshares common stock and indirectly owns 10,875 shares through an ESOP.
• He also holds 7,888 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard reporting of insider transactions related to executive compensation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine executive compensation matter.
• Shareholders may view insider transactions as a signal of management's confidence in the company, but this particular transaction is primarily related to compensation.

Key Dates