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TRICO BANCSHARES (TCBK) director boosts stake with RSU vesting and fresh award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TRICO BANCSHARES director Thomas C. McGraw increased his equity stake through compensation-related stock awards. On May 22, 2026, 2,178 Restricted Stock Units vested and converted into the same number of common shares, based on a vesting-date price of $50.68 per share, bringing his direct common stock holdings to 356,729 shares.

Separately, on May 21, 2026, he received a new grant of 1,646 Restricted Stock Units, which are scheduled to vest 100% on May 21, 2027. The per-unit value at grant was $50.11, based on the 30-day average closing price of the company’s common stock. No shares were sold; these are routine equity compensation events.

Positive

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Insights

Routine RSU vesting and grant, with no share sales.

Director Thomas C. McGraw had 2,178 RSUs vest into common stock at a reference price of $50.68 on May 22, 2026, increasing his direct holdings to 356,729 common shares. This was recorded as an exercise/conversion, not an open-market purchase.

He also received a new award of 1,646 RSUs on May 21, 2026, valued at $50.11 per unit, with 100% vesting scheduled for May 21, 2027. There are no reported sales, tax withholdings, or remaining derivative positions in this filing, making the activity a standard equity compensation update rather than a directional market signal.

Insider MCGRAW THOMAS C
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 — 356,729 shares (Direct)
Footnotes (2)
  1. 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.
  2. 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).
RSUs vested 2,178 units Converted to common stock on May 22, 2026
Vesting reference price $50.68 per share Price per share on RSU vesting date May 22, 2026
Post-transaction holdings 356,729 shares Common stock directly owned after RSU conversion
New RSU grant 1,646 units RSUs granted May 21, 2026, vesting May 21, 2027
Grant-date RSU value $50.11 per unit Based on 30-day average closing price ending May 21, 2026
Restricted Stock Unit financial
"Represents the conversion upon vesting of Restricted Stock Units, 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.
vest financial
"Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends"
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.
grant of Restricted Stock Unit (RSU) award financial
"Represents a grant of Restricted Stock Unit (RSU) award. 100% of the shares vest on 5/21/27."
fair market value financial
"Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
30-day average closing price financial
"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)."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did TCBK director Thomas C. McGraw report in this Form 4?
He reported equity compensation activity, not open-market trades. 2,178 Restricted Stock Units vested into common stock, and he received a new grant of 1,646 RSUs. These transactions increased his direct ownership in TRICO BANCSHARES common stock.

How many TRICO BANCSHARES shares does Thomas C. McGraw hold after these transactions?
After the RSU vesting, he directly holds 356,729 shares of TRICO BANCSHARES common stock. This total reflects the addition of 2,178 vested RSU shares, as reported in the Form 4, with no corresponding sales or dispositions disclosed.

Were any TRICO BANCSHARES (TCBK) shares sold in this Form 4 filing?
No shares were sold in this filing. The reported transactions are an RSU vesting that converted 2,178 units into common stock and a new grant of 1,646 RSUs. Both transactions are compensation-related and classified as acquisitions, not sales.

What are the key details of the new RSU grant to Thomas C. McGraw at TCBK?
He received 1,646 Restricted Stock Units on May 21, 2026. All units are scheduled to vest on May 21, 2027. The per-unit value at the grant date was $50.11, calculated using the 30-day average closing price of TRICO BANCSHARES common stock.

At what price did Thomas C. McGraw’s RSUs vest into TRICO BANCSHARES stock?
The 2,178 RSUs vested into common stock using a vesting-date price of $50.68 per share on May 22, 2026. This figure reflects the fair market value referenced in the footnote, rather than a separate open-market purchase price.

Does this TCBK Form 4 indicate any remaining RSU or option positions for Thomas C. McGraw?
This filing shows the prior 2,178-unit RSU award fully converted, leaving no balance for that grant. It also records a new 1,646-unit RSU award outstanding. No other derivative positions are listed in the derivative summary section of this report.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MCGRAW THOMAS C
(Last)(First)(Middle)
63 CONSTITUTION DRIVE
(Street)
CHICO CALIFORNIA 95973
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TRICO BANCSHARES / [ TCBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/22/2026M2,178A(1)356,729D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)05/22/2026M2,178 (1) (1)Common Stock2,178$00D
Restricted Stock Unit(2)05/21/2026A1,646 (2) (2)Common Stock1,646(2)1,646D
Explanation of Responses:
1. 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.
2. 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).
Remarks:
/s/Thomas McGraw by Janine Howard, Attorney-in-Fact05/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR