TCBK.NASDAQTrico Bancshares /

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

Sentiment:

SEC Form 4 Filing

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

Summary

  • On October 21, 2024, Daniel K. Bailey, EVP Chief Banking Officer of Trico Bancshares, reported transactions involving the company's common stock.
  • A total of 1,101 restricted stock units vested, converting into common stock.
  • Simultaneously, 643 shares were withheld to cover tax liabilities at a price of $43.26 per share.
  • Following these transactions, Bailey directly owns 54,392.41 shares of common stock and indirectly owns 10,875 shares through an ESOP.
  • He also holds 9,273 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate a significant positive or negative outlook for the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

  • Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
  • The transactions have a minor impact on the total outstanding shares.

Key Dates

DateDescription
10/21/2022Date of grant for the Restricted Stock Unit award.
10/21/2024Date of transaction: vesting of restricted stock units and tax withholding.
10/22/2024Date of signature on the Form 4 filing.

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