Form 4: Trico Bancshares Executive Judi Giem Reports Stock Transactions
SEC Form 4 Filing
Judi Giem, Chief Human Resources Officer of Trico Bancshares, reports the vesting and subsequent disposal of shares to cover tax liabilities related to restricted stock units.
Summary
- On March 3, 2025, Judi Giem, Chief Human Resources Officer of Trico Bancshares, reported transactions involving common stock and restricted stock units.
- 419 shares were acquired through the vesting of restricted stock units.
- 267 shares were disposed of to cover tax liabilities at a price of $43.33 per share.
- Following these transactions, Giem directly owns 2,697 shares of common stock.
- Giem also indirectly owns 713.88 shares through an ESOP and 57 shares through a spouse.
- After the transactions, Giem directly owns 2,238 restricted stock units and indirectly owns 315 restricted stock units through a spouse.
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 about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor insider activity, which can sometimes provide insights into a company's prospects.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of grant for the Restricted Stock Unit award. |
| 03/03/2025 | Date of the reported transactions (vesting and disposal of shares). |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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