Form 4: Trico Bancshares SVP Gregory Gehlmann Reports Stock Transactions

Gregory Gehlmann, SVP and General Counsel of Trico Bancshares, reports the vesting of performance-based stock units and adjustments to shares held in the ESOP.

Summary

• On April 9, 2024, Gregory Gehlmann, SVP and General Counsel of Trico Bancshares, reported the vesting of 1,832 common stock shares related to performance stock units (PSUs).
• The PSUs vested at 105.08% based on Trico Bancshares' total stockholder return relative to the KBW Regional Banking Index.
• Each PSU represented the right to receive 0%-150% of the target number based on the Issuer's total stockholder return relative to the KBW Regional Banking Index (based on an initial grant of 1744 PSUs which was reported in the original Form 4 for this grant).
• Gehlmann also reported adjustments to the number of shares beneficially owned through the Employee Stock Ownership Plan (ESOP), with no transactions occurring.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The vesting of stock options impacts shareholders by potentially diluting equity.
• It also affects the executive's personal investment portfolio.

Key Dates