TCBK.NASDAQTrico Bancshares /

Form 4: Trico Bancshares Executive Exercises Stock Options, Disposes of Shares for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Judi Giem, Chief Human Resources Officer of Trico Bancshares, exercised stock options and disposed of shares to cover tax liabilities on October 21, 2024.

Summary

  • On October 21, 2024, Judi Giem, the Chief Human Resources Officer of Trico Bancshares, exercised restricted stock units, resulting in the acquisition of 296 shares of common stock.
  • Simultaneously, Ms. Giem disposed of 173 shares of common stock to cover tax liabilities at a price of $43.26 per share.
  • Following these transactions, Ms. Giem directly owns 2,545 shares of Trico Bancshares common stock and indirectly owns 741.88 shares through an ESOP and her spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for executives to exercise stock options and sell shares to cover tax obligations.

Stakeholder Impact

  • The transactions have a minimal impact on stakeholders, as they represent routine executive compensation activities.

Key Dates

DateDescription
10/21/2022Date of grant for the Restricted Stock Unit award, vesting in 33.3% increments.
10/21/2024Date of transaction: exercise of restricted stock units and disposal of shares for tax liabilities.
10/23/2024Date of signature for the Form 4 filing.

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