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 June 5, 2024, Daniel K. Bailey, EVP and Chief Banking Officer of Trico Bancshares, reported transactions involving the company's common stock.
• Bailey vested 1,097 shares of common stock from a restricted stock unit award granted on June 5, 2020.
• The price per share on the vesting date was $37.39.
• 641 shares were withheld to cover tax liabilities related to the vesting.
• Following these transactions, Bailey directly owns 53,307.41 shares of common stock and indirectly owns 10,875 shares through an ESOP.
• Bailey also holds 11,715 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.

Key Dates