TRICO BANCSHARES (TCBK) CEO details RSU vesting and tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRICO BANCSHARES CEO Richard P. Smith reported routine equity compensation activity involving Restricted Stock Units and related tax withholding. On June 12, 2026, 33% of a Restricted Stock Unit award granted on June 12, 2023, including accumulated dividends, vested and converted into 4,879 Restricted Stock Units tied to common stock at a vesting-date price of $52.64 per share.
To cover tax obligations on this vesting, 2,861 common shares were withheld at $52.64 per share, a non‑market, tax‑withholding disposition rather than an open‑market sale. Following these transactions, Smith directly holds 284,606 common shares. Indirect holdings include 1,113,794 common shares as ESOP trustee, 277.066 common shares held by his spouse, and 42,972.15 common shares held by an ESOP, along with 22,178 remaining Restricted Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,879 shares exercised/converted
Mixed
6 txns
Insider
SMITH RICHARD P
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,879 | $0.00 | -- |
| Exercise | Common Stock | 4,879 | $0.00 | -- |
| Tax Withholding | 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, null);
Common Stock — 284,606 shares (Direct, null);
Common Stock — 42,972.15 shares (Indirect, By 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: 4,879 Restricted Stock Units
Vesting price: $52.64 per share
Shares withheld for taxes: 2,861 shares
+5 more
8 metrics
RSUs vested
4,879 Restricted Stock Units
33% of RSU award vested on June 12, 2026
Vesting price
$52.64 per share
Price per share on RSU vesting date June 12, 2026
Shares withheld for taxes
2,861 shares
Common shares withheld to pay toward tax liability
Direct common shares after transaction
284,606 shares
Direct TCBK common stock held by CEO after Form 4
ESOP trustee indirect holdings
1,113,794 shares
Common stock held indirectly as ESOP trustee
Spousal indirect holdings
277.066 shares
Common stock held indirectly by spouse
ESOP indirect holdings
42,972.15 shares
Common stock held indirectly by ESOP
Remaining RSUs
22,178 Restricted Stock Units
RSUs outstanding after June 12, 2026 vesting
Key Terms
Restricted Stock Unit, ESOP, tax liability, derivative exercise/conversion
4 terms
Restricted Stock Unit financial
"33% vesting of Restricted Stock Unit award, including accumulated dividends, granted on 6/12/2023."
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.
ESOP financial
"nature_of_ownership: "ESOP Trustee" and "By ESOP" for indirect holdings."
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.
tax liability financial
"Reflects shares withheld to pay toward tax liability."
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the RSU conversion into common stock."
FAQ
What insider transaction did TCBK CEO Richard P. Smith report on June 12, 2026?
Richard P. Smith reported vesting of Restricted Stock Units and related tax withholding, not an open-market trade. 4,879 RSUs vested at a price of $52.64 per share, and shares were delivered and partially withheld to satisfy tax obligations.
How many Restricted Stock Units vested for TCBK CEO Richard P. Smith?
A total of 4,879 Restricted Stock Units vested for Richard P. Smith. These units represent 33% of an RSU award granted on June 12, 2023, including accumulated dividends, and converted into common stock at a vesting-date price of $52.64 per share.
What indirect TCBK holdings does Richard P. Smith report on this Form 4?
Smith reports several indirect holdings in TRICO BANCSHARES common stock. These include 1,113,794 shares as ESOP trustee, 277.066 shares held by his spouse, and 42,972.15 shares held by an ESOP, reflecting shares associated with benefit and related ownership structures.
How many TCBK Restricted Stock Units remain outstanding for Richard P. Smith?
Following the June 12, 2026 vesting, Richard P. Smith reports 22,178 Restricted Stock Units outstanding. These RSUs represent additional potential future common shares, subject to their vesting terms and conditions as part of his ongoing equity compensation arrangements.