Trico Bancshares (TCBK) EVP vests RSUs; shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trico Bancshares executive Daniel K. Bailey 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 into 1,608 shares of common stock at a vesting-date price of $52.64 per share.
To cover tax liabilities, 943 common shares were withheld in a disposition coded "F," which represents payment of tax liability by delivering securities rather than an open-market sale. Following these transactions, Bailey held 60,235.41 common shares directly and 11,831.95 common shares indirectly through an ESOP, along with 7,944 Restricted Stock Units remaining outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,608 shares exercised/converted
Mixed
4 txns
Insider
BAILEY DANIEL K
Role
EVP Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,608 | $0.00 | -- |
| Exercise | Common Stock | 1,608 | $0.00 | -- |
| Tax Withholding | Common Stock | 943 | $52.64 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 7,944 shares (Direct, null);
Common Stock — 60,235.41 shares (Direct, null);
Common Stock — 11,831.95 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: 1,608 shares
Tax withholding shares: 943 shares
Vesting-date price: $52.64 per share
+4 more
7 metrics
RSUs vested
1,608 shares
33% of RSU award vested on June 12, 2026
Tax withholding shares
943 shares
Shares withheld to pay toward tax liability
Vesting-date price
$52.64 per share
Price per share on vesting date June 12, 2026
Direct common shares after
60,235.41 shares
Direct holdings following the transactions
Indirect ESOP shares
11,831.95 shares
Indirect holdings through ESOP
RSUs remaining
7,944 units
Restricted Stock Units outstanding after vesting
RSU vesting percentage
33%
Portion of RSU award that vested on June 12, 2026
Key Terms
Restricted Stock Unit, ESOP, tax liability, Exercise or conversion of derivative security, +1 more
5 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.
ESOP financial
"total_shares_following_transaction": "11831.9500", "direct_or_indirect": "I", "nature_of_ownership": "By 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.
tax liability financial
"Reflects shares withheld to pay toward tax liability."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""