Form 4: TRICO BANCSHARES Executive Reports Routine Stock Vesting and Tax-Related Share Disposition

TRICO BANCSHARES EVP Chief Banking Officer Daniel K. Bailey reported the vesting of 1,558 restricted stock units and the disposition of 912 shares for tax purposes on June 12, 2025.

Summary

• Daniel K. Bailey, the Executive Vice President and Chief Banking Officer of TRICO BANCSHARES (TCBK), filed a Form 4 reporting transactions that occurred on June 12, 2025.
• A total of 1,558 Restricted Stock Units (RSUs) vested, which represents 33% of an award originally granted on June 12, 2023.
• The common stock price on the vesting date, June 12, 2025, was $40.72 per share.
• Mr. Bailey disposed of 912 shares of Common Stock to satisfy tax liabilities associated with the RSU vesting.
• Following these transactions, Mr. Bailey directly beneficially owns 55,889.41 shares of Common Stock.
• Additionally, he indirectly beneficially owns 11,831.95 shares of Common Stock through an Employee Stock Ownership Plan (ESOP).
• Mr. Bailey also beneficially owns 9,294 unvested Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing reports a standard executive compensation event (RSU vesting) and a tax-related share disposition, which is a neutral to slightly positive event as it reflects the executive's continued equity participation and compensation realization.

Positives

• Vesting of 1,558 Restricted Stock Units (RSUs) for EVP Chief Banking Officer Daniel K. Bailey, indicating the realization of executive compensation.
• The executive continues to hold a significant number of shares (55,889.41 directly and 11,831.95 indirectly), which aligns his interests with those of shareholders.

Negatives

• Disposition of 912 shares of Common Stock to cover tax liabilities, resulting in a reduction of direct beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine executive compensation event (RSU vesting) and subsequent tax-related share disposition for a banking executive. Such transactions are common across the financial services industry as part of executive incentive plans and do not inherently reflect broader industry trends beyond standard compensation practices.

Stakeholder Impact

• Shareholders: The vesting of RSUs is a routine compensation event that can lead to minor dilution, which is typically accounted for in compensation plans. The executive's continued significant equity holding aligns his interests with those of shareholders.
• Employees: This filing reflects standard executive compensation practices, which may signal stability and adherence to established incentive structures within the company.

Key Dates

Recommendation

Keywords

TRICO BANCSHARES, TCBK, Form 4, insider trading, stock vesting, restricted stock units, executive compensation, share disposition, Daniel K. Bailey