Form 4: Trico Bancshares Executive Reports Stock Transactions

Gregory Gehlmann of Trico Bancshares reports transactions involving common stock and performance stock units.

Summary

• Gregory Gehlmann, SVP General Counsel of Trico Bancshares, reported transactions on June 25, 2026.
• These transactions include the acquisition of 2,876 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, 1,686 shares were disposed of to cover tax liabilities, with a price of $53.55 per share.
• Following these transactions, Gehlmann beneficially owns 24,407.9873 shares of common stock directly, and 2,380.83 shares indirectly through an ESOP.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms performance-based compensation targets were met, but also involves routine tax-related share disposals.

Positives

• Vesting of performance-based stock units indicates achievement of performance targets.
• PSUs vested at 109.36% of the target, suggesting strong relative performance.
• The acquisition of shares through PSU vesting increases the reporting person's direct ownership.

Negatives

• Disposal of 1,686 shares to cover tax liabilities represents a reduction in direct holdings.
• The withholding of shares for tax payments, while standard, reduces the net shares acquired.

Risks

• The performance of PSUs is tied to Trico Bancshares' total stockholder return relative to the KBW Regional Banking Index, implying market risk.
• Future tax liabilities could necessitate further share disposals.

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, met or exceeded targets for the performance period ending June 25, 2026.

Industry Context

StockSavvy.ai notes that the vesting of performance stock units tied to relative total stockholder return against a banking index is a common incentive structure in the regional banking sector, aligning executive compensation with market performance.

Stakeholder Impact

• Shareholders: The vesting of PSUs at a premium suggests positive company performance, which could be viewed favorably by shareholders. However, the disposal of shares for tax purposes does not directly impact the overall share count available to the public.

Key Dates

Keywords

Trico Bancshares, TCBK, Form 4, Stock Transaction, Beneficial Ownership, Performance Stock Units, Vesting, Insider Trading, SEC Filing, Gregory Gehlmann, SVP General Counsel