TRICO BANCSHARES (TCBK) CIO reports RSU vesting and tax-withholding share disposition
Rhea-AI Filing Summary
TRICO BANCSHARES Chief Information Officer Jason Todd Levingston 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 vested, including accumulated dividends. The vesting converted 539 restricted stock units into an equal number of common shares at a price per share of $52.64 on the vesting date. To cover tax obligations, 316 common shares were withheld in a tax-withholding disposition, a non-market transaction. Following these transactions, Levingston held 2,690.29 common shares directly and 1,049.64 common shares indirectly through an ESOP, indicating this filing reflects standard compensation and tax treatment rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 223 shares
Net Buy
4 txns
Insider
Levingston Jason Todd
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 539 | $0.00 | $0.00 |
| Exercise | Common Stock | 539 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 316 | $52.64 | $17K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,065 shares (Direct);
Common Stock — 2,690.29 shares (Direct);
Common Stock — 1,049.64 shares (Indirect, ESOP)
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: 539 shares
Tax-withholding shares: 316 shares
Vesting price: $52.64 per share
+2 more
5 metrics
RSUs vested
539 shares
Restricted Stock Unit award vesting on June 12, 2026
Tax-withholding shares
316 shares
Shares withheld to pay toward tax liability
Vesting price
$52.64 per share
Price per share on vesting date June 12, 2026
Direct common shares after transaction
2,690.29 shares
Direct ownership following Form 4 transactions
Indirect ESOP shares after transaction
1,049.64 shares
Indirect ownership through ESOP following transactions
Key Terms
Restricted Stock Unit, tax-withholding disposition, ESOP, derivative exercise/conversion
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.
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.
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transaction did TCBK executive Jason Todd Levingston report?
Jason Todd Levingston reported vesting of 539 restricted stock units and related tax withholding. The RSUs converted into common shares, and part of those shares were withheld to cover tax obligations as part of routine equity compensation.
What does the tax-withholding disposition mean in the TCBK Form 4 filing?
The tax-withholding disposition reflects 316 shares withheld to pay toward Levingston’s tax liability on the vesting event. This is not an open-market sale but an automatic share reduction used to satisfy income tax obligations triggered by the RSU vesting.
At what price did the TCBK restricted stock units vest for Jason Todd Levingston?
The restricted stock units vested at a price per share of $52.64 on June 12, 2026. This price is used to value the vested RSUs and calculate the tax liability that led to the withholding of 316 common shares.
Is the TCBK Form 4 transaction an open-market trade by the executive?
No, the Form 4 reflects RSU vesting and related tax withholding, not an open-market trade. Shares were acquired through equity compensation and some were withheld automatically to cover taxes, which differs from discretionary buying or selling on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
