Form 4: Trico Bancshares Executive Exercises Stock Options, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Craig Carney, EVP and Chief Credit Officer of Trico Bancshares, exercised stock options and sold shares to cover tax liabilities on June 5, 2024.
Summary
- On June 5, 2024, Craig Carney, the EVP and Chief Credit Officer of Trico Bancshares, exercised 1,097 Restricted Stock Units.
- These units were part of an award granted on June 5, 2020, which vested 25% on the transaction date.
- Carney also sold 641 shares of common stock at a price of $37.39 to cover tax liabilities associated with the vesting of the restricted stock units.
- Following these transactions, Carney directly owns 33,097 shares of Trico Bancshares common stock.
- Additionally, he indirectly owns 19,560.87 shares through an ESOP and 156.17 shares through his daughter.
- He also holds 11,189 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 06/05/2020 | Date of grant for the Restricted Stock Unit award. |
| 06/05/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 06/06/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.