Margaret Kane of TRICO BANCSHARES (TCBK) exercises RSUs and gains new award
Rhea-AI Filing Summary
TRICO BANCSHARES director Margaret L. Kane increased her equity stake through routine compensation-related transactions. On May 22, 2026, she exercised 2,178 Restricted Stock Units (including accumulated dividends) into the same number of common shares on a one-for-one basis, at a vesting-date share price of $50.68. After this conversion, she directly held about 12,183.56 common shares. On May 21, 2026, she also received a new award of 1,646 Restricted Stock Units, which vest 100% on May 21, 2027, with cash dividends on the RSUs reinvested in issuer common stock and a per-unit grant-date value of $50.11.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,178 shares
Net Buy
3 txns
Insider
Kane Margaret L
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 — 12,183.5607 shares (Direct)
Footnotes (2)
- 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.
- 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).
Key Figures
RSUs exercised: 2,178 units
Common shares after exercise: 12,183.56 shares
Vesting date share price: $50.68/share
+2 more
5 metrics
RSUs exercised
2,178 units
Converted to 2,178 common shares on May 22, 2026
Common shares after exercise
12,183.56 shares
Direct holdings following May 22, 2026 transactions
Vesting date share price
$50.68/share
Price per share on RSU vesting date May 22, 2026
New RSU grant size
1,646 units
Granted May 21, 2026, 100% vesting on May 21, 2027
Grant-date RSU value
$50.11/unit
Based on 30-day average closing price ending May 21, 2026
Key Terms
Restricted Stock Unit, vest, dividends, fair market value, +1 more
5 terms
Restricted Stock Unit financial
"Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock on a one for one basis."
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 a grant of Restricted Stock Unit (RSU) award. 100% of the shares vest on 5/21/27."
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.
dividends financial
"Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment."
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
fair market value financial
"Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment."
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.
FAQ
What did TCBK director Margaret Kane do in this Form 4 filing?
Margaret Kane exercised restricted stock units into common shares and received a new RSU grant. The filing shows routine, compensation-related equity activity without any open-market buying or selling of TRICO BANCSHARES common stock.
What new Restricted Stock Unit grant did Margaret Kane receive from TCBK?
She received a grant of 1,646 Restricted Stock Units on May 21, 2026. All these RSUs vest on May 21, 2027, and their grant-date per-unit value was $50.11, based on a 30-day average closing price.