Trico Bancshares (TCBK) director gains shares through RSU vesting and new award
Rhea-AI Filing Summary
TRICO BANCSHARES director Martin Mariani reported equity compensation activity involving Restricted Stock Units (RSUs) and common stock. On May 22, 2026, 2,178 RSUs, including accumulated dividends, converted into an equal number of common shares as they vested, at a price per share on the vesting date of $50.68. Following this conversion, Mariani directly held 68,553 common shares.
Separately, on May 21, 2026, Mariani received a new award of 1,646 RSUs, which vest 100% on May 21, 2027. Cash dividends on these RSUs are reinvested in the company’s common stock at fair market value. The per-unit value on the grant date was $50.11, based on the 30-day average closing price of the common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,178 shares
Net Buy
3 txns
Insider
Mariani Martin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,178 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,178 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 1,646 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 1,646 shares (Direct);
Common Stock — 68,553 shares (Direct)
Footnotes (2)
- F1. Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock on a one for one basis. RSUs were granted on 5/22/2025. Price per share on vesting date (5/22/2026) is $50.68.
- F2. Represents a grant of Restricted Stock Unit (RSU) award. 100% of the shares vest on 5/21/27. Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment. Per unit value on date of grant was $50.11 (based on the 30-day average closing price of Issuers common stock ending 5/21/26).
Key Figures
RSUs vested and converted: 2,178 shares
Common shares held after transactions: 68,553 shares
New RSU grant: 1,646 units
+2 more
5 metrics
RSUs vested and converted
2,178 shares
Restricted Stock Units converting into common stock on May 22, 2026
Common shares held after transactions
68,553 shares
Direct ownership following RSU conversion
New RSU grant
1,646 units
RSU award granted on May 21, 2026, vesting May 21, 2027
Price per share on vesting
$50.68
Common stock price per share on May 22, 2026 RSU vesting date
Per-unit value of new RSUs
$50.11
Grant-date value based on 30-day average closing price ending May 21, 2026
Key Terms
Restricted Stock Unit, vest, cash dividends, 30-day average closing price
4 terms
Restricted Stock Unit financial
"Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock"
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.
vest financial
"Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
cash dividends financial
"Cash dividends on RSUs are reinvested in shares of Issuers common stock"
30-day average closing price financial
"Per unit value on date of grant was $50.11 (based on the 30-day average closing price"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did TCBK director Martin Mariani report?
Martin Mariani reported a vesting of 2,178 Restricted Stock Units into common stock and a separate grant of 1,646 new RSUs. These transactions reflect equity compensation events, not open-market purchases or sales of TRICO BANCSHARES (TCBK) shares.
What were the key details of Martin Mariani’s RSU vesting at TCBK?
2,178 Restricted Stock Units vested and converted into common stock on May 22, 2026, including accumulated dividends. The price per share on the vesting date was $50.68, and each RSU converted into one share of TRICO BANCSHARES common stock.
Does Martin Mariani’s Form 4 show any open-market buying or selling of TCBK stock?
The Form 4 shows RSU vesting and a new RSU grant, but no open-market purchases or sales. Transactions coded “M” and “A” indicate derivative exercises and grants, which are typical equity compensation events for TRICO BANCSHARES directors.