Form 4: Trico Bancshares SVP Gregory Gehlmann Reports Stock Transactions

Gregory Gehlmann, SVP General Counsel of Trico Bancshares, reports the vesting of restricted stock units and subsequent ownership of common stock.

Summary

• Gregory Gehlmann, SVP General Counsel of Trico Bancshares, filed a Form 4 detailing changes in beneficial ownership.
• On October 21, 2024, 647 shares of common stock were acquired through the vesting of restricted stock units.
• The vesting represents 33.3% of a Restricted Stock Unit award granted on October 21, 2022, including accumulated dividends.
• The price per share on the vesting date was $43.26.
• Following the transaction, Gehlmann directly owns 16,428.59 shares of common stock and indirectly owns 1,839.08 shares through an ESOP.
• He also directly owns 5,580 Restricted Stock Units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by an executive.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects insider activity and ownership.

Key Dates