Trico EVP exercises PSUs; shares withheld for tax
TRICO BANCSHARES executive Daniel K. Bailey reported compensation-related stock activity tied to performance awards and tax withholding.
Rhea-AI Filing Summary
TRICO BANCSHARES executive Daniel K. Bailey reported compensation-related stock activity tied to performance awards and tax withholding. Performance stock units vested based on total stockholder return relative to the KBW Regional Banking Index and converted into 4,373 shares of Common Stock on the certification date.
In connection with these awards, Bailey exercised rights to acquire 4,782 additional Common shares, and 2,804 shares were withheld at $53.55 per share to pay tax liabilities, rather than being sold in the open market. After these transactions, he directly holds 61,270.41 Common shares and indirectly holds 11,831.95 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,373 shares exercised/converted
Exercise
4 txns
Insider
BAILEY DANIEL K
Role
EVP Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 4,373 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,782 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,804 | $53.55 | $150K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 11,800 contracts (Direct);
Common Stock — 61,270.41 shares (Direct);
Common Stock — 11,831.95 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 vested and converted: 4,373 shares
Additional shares acquired via exercise: 4,782 shares
Shares withheld for taxes: 2,804 shares
+4 more
7 metrics
PSUs vested and converted
4,373 shares
Performance stock units converted to Common Stock on certification date
Additional shares acquired via exercise
4,782 shares
Common Stock acquired through derivative exercise
Shares withheld for taxes
2,804 shares
Withheld at $53.55 per share to pay tax liability
Tax withholding price
$53.55 per share
Value used for shares withheld toward tax liability
Direct Common Stock holdings
61,270.41 shares
Direct ownership after reported transactions
Indirect ESOP holdings
11,831.95 shares
Indirect ownership through ESOP after reported transactions
PSU vesting percentage
109.36%
PSUs vested based on TSR vs. KBW Regional Banking Index
Key Terms
Performance Stock Unit, ESOP, tax-withholding disposition, total stockholder return, +1 more
5 terms
Performance Stock Unit financial
"Vesting of performance-based stock unit (PSU). Each PSU represented the right to receive 0%-150% of the target number..."
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.
ESOP financial
"total_shares_following_transaction": "11831.9500" ... "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-withholding disposition financial
""transaction_action": "tax-withholding disposition", "transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
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 stock transactions did TCBK executive Daniel K. Bailey report?
Daniel K. Bailey reported vesting and exercises of performance-based stock units, acquiring 4,373 and 4,782 Common shares. In the same event, 2,804 shares were withheld to cover tax liabilities, creating compensation-driven, not discretionary open-market, stock movements.
What performance stock units vested for TCBK’s Daniel Bailey, and on what basis?
4,373 performance stock units vested for Daniel Bailey, converting into an equal number of Common shares. The PSUs vested at 109.36% of target, based on Trico’s total stockholder return versus the KBW Regional Banking Index as of the June 25, 2026 certification date.
Were Daniel Bailey’s recent TCBK stock movements open-market sales or compensation events?
The reported stock movements are compensation-related vesting and tax withholding events. Performance stock units converted into common shares, and 2,804 shares were withheld to pay taxes, rather than being sold through discretionary open-market transactions by Bailey.
AI-generated analysis. How Rhea-AI works. Not financial advice.
