Trico Bancshares (NASDAQ: TCBK) CEO details RSU vesting and tax share withholding
Rhea-AI Filing Summary
Trico Bancshares CEO Richard P. Smith reported the vesting and exercise of 4,879 Restricted Stock Units into an equal number of common shares on June 12, 2026, representing 33% of an award granted June 12, 2023 and including accumulated dividends. Of these, 2,861 shares were delivered at $52.64 per share to pay tax liability. After these transactions, he directly holds 281,745 common shares, with additional indirect holdings through ESOP and family-related accounts.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 2,018 shares
Net Buy
6 txns
Insider
SMITH RICHARD P
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,879 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,879 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,861 | $52.64 | $151K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 22,178 shares (Direct);
Common Stock — 281,745 shares (Direct);
Common Stock — 42,972.15 shares (Indirect, By ESOP);
Common Stock — 277.066 shares (Indirect, By spouse);
Common Stock — 1,113,794 shares (Indirect, ESOP Trustee)
Footnotes (2)
- F1. 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
- F2. Reflects shares withheld to pay toward tax liability.
Key Figures
RSUs vested and converted: 4,879 shares
Shares withheld for taxes: 2,861 shares
Tax withholding price: $52.64 per share
+4 more
7 metrics
RSUs vested and converted
4,879 shares
Restricted Stock Units vested and converted to common stock on June 12, 2026
Shares withheld for taxes
2,861 shares
Common shares delivered to pay tax liability on June 12, 2026
Tax withholding price
$52.64 per share
Price per share on vesting date June 12, 2026 for RSU award
Direct common shares held
281,745 shares
Post-transaction direct common stock holding of Richard P. Smith
Indirect ESOP holding
42972.1500 shares
Common stock held indirectly by ESOP associated with Richard P. Smith
Indirect spouse holding
277.0660 shares
Common stock held indirectly by spouse of Richard P. Smith
ESOP Trustee position
1113794.0000 shares
Common stock held in capacity as ESOP Trustee
Key Terms
Restricted Stock Unit, accumulated dividends, tax liability, ESOP Trustee
4 terms
Restricted Stock Unit financial
"33% vesting of Restricted Stock Unit award, including accumulated dividends"
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.
accumulated dividends financial
"33% vesting of Restricted Stock Unit award, including accumulated dividends"
tax liability financial
"Reflects shares withheld to pay toward tax liability."
ESOP Trustee financial
"nature_of_ownership : ESOP Trustee"
FAQ
What did TCBK CEO Richard P. Smith report in this Form 4?
Richard P. Smith reported the vesting and exercise of 4,879 Restricted Stock Units into common stock on June 12, 2026. The event reflects 33% of an RSU award granted June 12, 2023, including accumulated dividends, with part of the shares used to cover taxes.
How many Restricted Stock Units vested for TCBK CEO Richard P. Smith?
On June 12, 2026, 4,879 Restricted Stock Units vested and converted into an equal number of Trico Bancshares common shares. The vesting represents 33% of an RSU award originally granted on June 12, 2023, and includes accumulated dividends as noted in the footnote.
How many TCBK shares were withheld for taxes and at what price?
A total of 2,861 common shares were delivered to pay tax liability at a price of $52.64 per share. This tax-withholding disposition occurred on June 12, 2026, coinciding with the RSU vesting and conversion into common stock.
What indirect TCBK holdings are associated with Richard P. Smith?
Indirect holdings include 42,972.1500 shares held by ESOP, 277.0660 shares held by his spouse, and 1,113,794.0000 shares in his capacity as ESOP Trustee. These positions are reported as indirect ownership, separate from his direct common stock holding.
Was the TCBK CEO’s transaction reported under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 trading plan checkbox is not affirmed. No footnotes state that the RSU vesting or related tax-withholding transactions occurred pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
