Form 4: Trico Bancshares Executive Reports Stock Transactions

Richard P. Smith, CEO & President of Trico Bancshares, reported transactions involving common stock and performance stock units.

Summary

• Richard P. Smith, CEO & President and Director of Trico Bancshares (TCBK), reported transactions on June 25, 2026.
• Smith acquired 14,513 shares of common stock upon the vesting of performance-based stock units (PSUs).
• The PSUs vested at 109.36% of the target number, based on Trico Bancshares' total stockholder return relative to the KBW Regional Banking Index.
• Additionally, 8,511 shares were disposed of to cover tax liabilities associated with the PSU vesting, at a price of $53.55 per share.
• Following these transactions, Smith beneficially owns 296,258 shares directly, with additional indirect holdings through his spouse, an Employee Stock Ownership Plan (ESOP), and as an ESOP Trustee.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it reflects the expected outcome of a performance-based compensation plan, with management's holdings aligning with company performance.

Positives

• Vesting of performance-based stock units at 109.36% indicates strong performance relative to the KBW Regional Banking Index.
• Acquisition of 14,513 shares of common stock by the CEO & President, demonstrating continued investment and alignment with the company's performance.
• The CEO & President's direct beneficial ownership remains substantial at 296,258 shares, plus significant indirect holdings.

Negatives

• 8,511 shares were withheld to cover tax liabilities, representing a disposition of stock.

Future Outlook

The vesting of performance stock units at 109.36% suggests that the company's performance, as measured by total stockholder return relative to the KBW Regional Banking Index, has met or exceeded performance targets.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The vesting of performance stock units tied to relative total stockholder return is a common executive compensation mechanism designed to align management's interests with shareholders, particularly in the regional banking sector.

Stakeholder Impact

• Shareholders: The vesting of PSUs at a strong percentage indicates positive company performance, which is generally beneficial for shareholders. The CEO's continued ownership also signals confidence.
• Employees: The ESOP holdings mentioned suggest employee participation in the company's ownership structure.
• Management: The transaction directly impacts the CEO's compensation and equity holdings.

Next Steps

• Continued monitoring of Richard P. Smith's beneficial ownership and any future transactions.

Key Dates

Keywords

Trico Bancshares, TCBK, Form 4, Stock Transaction, Insider Trading, Executive Compensation, Performance Stock Unit, Common Stock, Beneficial Ownership, SEC Filing