Form 4: Trico Bancshares SVP Gregory Gehlmann Reports Stock Transactions
SEC Form 4 Filing
Gregory Gehlmann, SVP General Counsel of Trico Bancshares, reports the vesting of restricted stock units and subsequent ownership of common stock.
Summary
- On June 5, 2024, Gregory A Gehlmann, SVP General Counsel of Trico Bancshares, reported a transaction involving common stock.
- 648 shares of common stock were acquired through the vesting of restricted stock units.
- Following the transaction, Gehlmann directly owns 14,662.65 shares of common stock and indirectly owns 1,839.08 shares through an ESOP.
- The vesting of the restricted stock units represents 25% of the award granted on June 5, 2020, including accumulated dividends.
- The price per share on the vesting date (June 5, 2024) was $37.39.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.
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 transaction has a minor impact on shareholders as it reflects the planned vesting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/05/2020 | Date of grant for the Restricted Stock Unit award. |
| 06/05/2024 | Date of transaction: vesting of restricted stock units and acquisition of common stock. |
| 06/06/2024 | Date of signature for the Form 4 filing. |
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