Form 4: Trico Bancshares Officer Judi Giem Reports Stock Transactions

Judi Giem, Chief Human Resources Officer of Trico Bancshares, reports the vesting and subsequent disposal of shares to cover tax liabilities.

Summary

• On June 5, 2024, Judi Giem, Chief Human Resources Officer of Trico Bancshares, reported transactions involving the company's common stock.
• Giem vested 374 shares of restricted stock units.
• Simultaneously, Giem disposed of 374 shares related to the vesting of the restricted stock units.
• Additionally, 218 shares were disposed of to cover tax liabilities at a price of $37.39 per share.
• Following these transactions, Giem directly owns 2,253 shares of common stock and indirectly owns 713.88 shares through an ESOP.
• Giem also directly owns 3,293 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for officers and directors of publicly traded companies in compliance with SEC regulations.
• Similar filings are made by executives at comparable regional banks like Banner Corporation (BANR) and Washington Federal (WAFD) when they have stock transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine stock activity by an officer.
• The disposal of shares to cover tax liabilities has no significant impact on the company's financial position.

Key Dates