TriCo Bancshares (TCBK) CIO details stock and equity awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TriCo Bancshares Chief Information Officer Jason Todd Levingston filed an initial ownership report showing his current equity position in the company. The filing lists 1,049.64 common shares held indirectly through an ESOP, 2,467.29 common shares held directly, plus 6,076 performance stock units and 3,604 restricted stock units that are currently outstanding and convertible into common stock at a zero exercise price. Footnotes explain that the RSU and PSU figures represent total balances, with individual grants to be detailed when they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Levingston Jason Todd
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,604 shares (Direct, null);
Performance Stock Unit — 6,076 shares (Direct, null);
Common Stock — 2,467.29 shares (Direct, null);
Common Stock — 1,049.64 shares (Indirect, ESOP)
Footnotes (1)
- Initial filing. Total RSU balance reported. Individual grants will be detailed upon vesting on their release date. Initial filing. Total PSU balance reported. Individual grants will be detailed upon vesting on their release date.
Key Figures
Indirect common shares: 1,049.64 shares
Direct common shares: 2,467.29 shares
Performance stock units: 6,076 units
+2 more
5 metrics
Indirect common shares
1,049.64 shares
Common Stock held indirectly through ESOP after reporting date
Direct common shares
2,467.29 shares
Common Stock held directly after reporting date
Performance stock units
6,076 units
Performance Stock Units outstanding, convertible into Common Stock
Restricted stock units
3,604 units
Restricted Stock Units outstanding, convertible into Common Stock
Exercise price for units
$0.0000
Conversion or exercise price for RSUs and PSUs
Key Terms
ESOP, Performance Stock Unit, Restricted Stock Unit, Form 3
4 terms
ESOP financial
"Common Stock held indirectly through an ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Performance Stock Unit financial
"security_title": "Performance Stock Unit""
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
Restricted Stock Unit financial
"security_title": "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Form 3 regulatory
"Initial filing. Total RSU balance reported."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
What does the Form 3 filing by TCBK’s CIO report?
The Form 3 filing reports Chief Information Officer Jason Todd Levingston’s existing equity holdings, including common shares, performance stock units, and restricted stock units, establishing his baseline ownership position as a newly reportable insider of TriCo Bancshares.
What equity awards are disclosed for the TCBK CIO in this Form 3?
The Form 3 discloses 6,076 performance stock units and 3,604 restricted stock units for the CIO, each linked to TriCo Bancshares common stock and currently shown with a zero exercise price in the derivative holdings summary.
Are the RSU and PSU figures for TCBK’s CIO broken down by grant?
No, the RSU and PSU figures are reported as total balances. Footnotes state that individual grants will be detailed upon vesting on their respective release dates, so this filing provides only aggregate unit counts.
Does the TCBK CIO’s Form 3 show any recent stock purchases or sales?
The Form 3 does not show any buy or sell transactions. All entries are labeled as holdings, indicating existing ownership positions rather than new purchases, sales, or option exercises by the Chief Information Officer.