TCBK counsel’s PSUs vest; shares withheld for taxes
TRICO BANCSHARES (TCBK) SVP and General Counsel Gregory A. Gehlmann reported performance stock unit vesting and related share movements.
Rhea-AI Filing Summary
TRICO BANCSHARES (TCBK) SVP and General Counsel Gregory A. Gehlmann reported performance stock unit vesting and related share movements. On June 25, 2026, performance-based stock units converted into 2,630 shares of Common Stock, reflecting PSU vesting at 109.36% of target based on total stockholder return versus the KBW Regional Banking Index.
To cover tax obligations from this vesting event, 1,686 Common shares were disposed of as a tax-withholding transaction, not an open-market sale. After these transactions, Gehlmann held 22,721.9873 Common shares directly and 2,380.8300 Common shares indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,630 shares exercised/converted
Exercise
4 txns
Insider
Gehlmann Gregory A
Role
SVP General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 2,630 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,876 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,686 | $53.55 | $90K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 6,748 contracts (Direct);
Common Stock — 22,721.9873 shares (Direct);
Common Stock — 2,380.83 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Vesting of performance-based stock unit (PSU). Each PSU represented the right to receive 0%-150% of the target number based on the Issuers total stockholder return, relative to the KBW Regional Banking Index (based on an initial grant of PSUs which was reported in the original Form 4 for this grant on 6/12/2023). PSUs vested at 109.36% on certification date June 25,2026.
- F2. Reflects shares withheld to pay toward tax liability.
Key Figures
PSUs converted: 2,630 shares
Tax-withholding shares: 1,686 shares
PSU vesting percentage: 109.36%
+3 more
6 metrics
PSUs converted
2,630 shares
Performance stock units converting into Common Stock on June 25, 2026
Tax-withholding shares
1,686 shares
Common shares withheld to pay toward tax liability
PSU vesting percentage
109.36%
PSUs vested at 109.36% of target based on TSR vs. KBW Regional Banking Index
Direct holdings after transaction
24,407.9873 shares
Common Stock held directly after June 25, 2026 transactions
Indirect ESOP holdings
2,380.8300 shares
Common Stock held indirectly through ESOP after June 25, 2026
PSU derivative shares pre-conversion
2,630.0000 units
Performance Stock Unit derivative position converted into Common Stock
Key Terms
Performance Stock Unit, tax-withholding disposition, total stockholder return, KBW Regional Banking Index
4 terms
Performance Stock Unit financial
"security_title: "Performance Stock Unit" with 2,630.0000 units converted to Common Stock"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,686.0000 Common shares"
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.
total stockholder return financial
"based on the Issuers total stockholder return, relative to the KBW Regional Banking Index"
Total stockholder return is the percentage gain or loss an investor would have experienced over a period from both changes in a stock’s price and any cash payouts such as dividends, assuming those payouts are reinvested in the stock. It matters because it shows the complete financial outcome of owning a share — like measuring both a house’s change in sale value and the rent you collected — and lets investors fairly compare performance across companies and time.
KBW Regional Banking Index financial
"relative to the KBW Regional Banking Index (based on an initial grant of PSUs)"
An index that tracks the stock performance of publicly traded regional banks, providing a single-number view of how that segment of the banking industry is doing. Investors use it like a thermometer or speedometer to gauge the health, momentum and market sentiment for regional banks, to compare individual bank stocks or funds against the sector, and to help make portfolio or risk-allocation decisions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TCBK executive Gregory Gehlmann report on June 25, 2026?
Gregory Gehlmann reported vesting of performance stock units into 2,630 Common shares and a related tax-withholding disposition of 1,686 Common shares. These transactions reflect equity compensation mechanics rather than open-market buying or selling activity.
What are performance stock units (PSUs) in the TCBK Form 4 for Gregory Gehlmann?
In this filing, performance stock units are awards that convert into Common Stock based on performance. Gehlmann’s PSUs vested at 109.36% of target, resulting in 2,630 Common shares issued after measuring total stockholder return relative to the KBW Regional Banking Index.
How was TCBK’s PSU performance for Gregory Gehlmann determined in this Form 4?
The PSU performance was based on the issuer’s total stockholder return relative to the KBW Regional Banking Index. On the June 25, 2026 certification date, PSUs vested at 109.36% of the target number, driving the 2,630-share conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
