Trico Bancshares (NASDAQ: TCBK) CRO logs RSU vesting and tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRICO BANCSHARES Chief Risk Officer Angela Tamara Rudd reported routine equity compensation activity. On June 12, 2026, 245 Restricted Stock Units vested and converted into 245 shares of Common Stock, reflecting 33% vesting of an award granted on June 12, 2023, including accumulated dividends.
The price per share on the vesting date was $52.64. To cover tax obligations, 78 shares were withheld in a tax-withholding disposition, leaving Rudd with 5,005.2622 shares of Common Stock held directly. She also reports 2,690.9300 Common Stock shares held indirectly through an ESOP, with no open-market purchases or sales disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
245 shares exercised/converted
Mixed
4 txns
Insider
Rudd Angela Tamara
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 245 | $0.00 | -- |
| Exercise | Common Stock | 245 | $0.00 | -- |
| Tax Withholding | Common Stock | 78 | $52.64 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,808 shares (Direct, null);
Common Stock — 5,083.262 shares (Direct, null);
Common Stock — 2,690.93 shares (Indirect, ESOP)
Footnotes (1)
- 33% vesting of Restricted Stock Unit award, including accumulated dividends, granted on 6/12/2023. Price per share on vesting date (6/12/2026) was $52.64 Reflects shares withheld to pay toward tax liability.
Key Figures
RSUs vested: 245 shares
Tax-withheld shares: 78 shares
Vesting date price: $52.64 per share
+3 more
6 metrics
RSUs vested
245 shares
Restricted Stock Units converting to Common Stock on June 12, 2026
Tax-withheld shares
78 shares
Shares withheld to pay toward tax liability
Vesting date price
$52.64 per share
Common Stock price on June 12, 2026 vesting date
Direct holdings after transaction
5,005.2622 shares
Common Stock held directly following transactions
Indirect ESOP holdings
2,690.9300 shares
Common Stock held indirectly through ESOP
Derivative exercise shares
245 shares
Common Stock acquired via RSU conversion (code M)
Key Terms
Restricted Stock Unit, tax-withholding disposition, Exercise or conversion of derivative security, ESOP, +1 more
5 terms
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
ESOP financial
"nature_of_ownership": "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.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did TCBK Chief Risk Officer Angela Rudd report?
Angela Rudd reported routine equity compensation activity, not an open-market trade. 245 Restricted Stock Units vested into Common Stock, and some shares were withheld for taxes, reflecting standard compensation and tax-settlement mechanics rather than discretionary buying or selling.
At what price did Angela Rudd’s TCBK RSUs vest on June 12, 2026?
The vested RSUs are tied to a share price of $52.64 on June 12, 2026. This price reflects the Common Stock value on the vesting date used for valuing the vested units and determining related tax-withholding requirements.