Form 4: TRICO BANCSHARES Executive Reports Routine Stock Transactions Following RSU Vesting

TRICO BANCSHARES EVP Chief Credit Officer, Craig B. Carney, reported the vesting of Restricted Stock Units and subsequent sale of shares for tax purposes on June 12, 2025.

Summary

• Craig B. Carney, EVP Chief Credit Officer of TRICO BANCSHARES (TCBK), reported stock transactions on June 12, 2025.
• He acquired 1,485 shares of Common Stock through the vesting of Restricted Stock Units (RSUs), which represented a 33% vesting of an award granted on June 12, 2023.
• The price per share on the vesting date was $40.72.
• Concurrently, 869 shares of Common Stock were disposed of to cover tax liabilities related to the RSU vesting.
• Following these transactions, Mr. Carney directly holds 35,570 shares of Common Stock.
• He also indirectly holds 20,898.03 shares via an Employee Stock Ownership Plan (ESOP) and 161.19 shares via his daughter.
• Mr. Carney retains 8,860 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The document reports a routine executive stock transaction, specifically the vesting of RSUs and subsequent tax-related sale. This is a neutral to slightly positive event as it indicates executive compensation plans are functioning and aligns executive interests with shareholders, though the sale for tax purposes is a common, neutral event.

Positives

• The vesting of Restricted Stock Units indicates the functioning of a long-term incentive plan for executives, which aligns their interests with shareholders.
• The executive's continued significant direct and indirect ownership demonstrates ongoing commitment to the company.

Negatives

• A portion of the vested shares (869 shares) was sold to cover tax liabilities, which, while a common practice, reduces the executive's direct holdings.

Future Outlook

This Form 4 filing details past transactions and does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reflects routine executive compensation and stock ownership activity within the financial services industry, specifically for a bancshares company. Such filings are common and provide transparency into insider holdings and incentive plan effectiveness.

Comparison to Industry Standards

• The vesting of Restricted Stock Units and subsequent sale for tax purposes is a standard practice in executive compensation across various industries, including financial services.
• It aligns with common incentive structures designed to retain and motivate key personnel.
• No specific comparable companies or projects are mentioned in this filing to allow for a direct comparative assessment of results.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation, potentially signaling management's alignment with shareholder interests.
• Employees: The ESOP ownership indicates an employee stock ownership program is in place, which can foster employee engagement and alignment.

Key Dates

Recommendation

Keywords

TRICO BANCSHARES, TCBK, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Transactions, Craig B. Carney, Chief Credit Officer