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 May 28, 2024, Daniel K. Bailey, EVP and Chief Banking Officer of Trico Bancshares, reported transactions involving the company's common stock.
• 759 shares were acquired through the vesting of restricted stock units granted on May 27, 2021.
• These restricted stock units vested at a price of $37.56 per share.
• 443 shares were withheld to cover tax liabilities related to the vesting.
• Following these transactions, Bailey directly owns 52,851.41 shares of Trico Bancshares common stock and indirectly owns 10,875 shares through an ESOP.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports routine stock transactions. There are no indications of positive or negative performance, just standard executive compensation activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.

Key Dates