Form 4: Trico Bancshares SVP Gregory Gehlmann Reports Stock Transactions
SEC Form 4 Filing
Gregory Gehlmann, SVP and General Counsel of Trico Bancshares, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 3, 2025, Gregory Gehlmann, SVP and General Counsel of Trico Bancshares, reported transactions involving the company's common stock.
- 873 restricted stock units vested, converting into common stock.
- Shares were withheld to cover tax liabilities, resulting in a disposition of 557 shares at a price of $43.33.
- Following these transactions, Gehlmann directly owns 16,851.13 shares of common stock and indirectly owns 1,839.08 shares through an ESOP.
- He also holds 4,747 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of restricted stock units and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of grant for the Restricted Stock Unit award. |
| 03/03/2025 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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