TRICO director exercises RSUs, receives new grant

TRICO BANCSHARES director Margaret L. Kane increased her equity stake through routine compensation-related transactions.

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.

Insider Trade Summary

2,178 shares exercised/converted

Exercise 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 contracts (Direct); Common Stock — 12,183.5607 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).

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)."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many TRICO BANCSHARES shares did Margaret Kane acquire in May 2026?

She acquired 2,178 common shares through the vesting and conversion of 2,178 Restricted Stock Units. The RSUs converted one-for-one into common stock, including accumulated dividends, at a vesting-date price of $50.68 per share.

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.

How many TRICO BANCSHARES shares does Margaret Kane hold after these transactions?

After exercising 2,178 Restricted Stock Units into common stock, she directly holds approximately 12,183.56 shares. This figure reflects her direct ownership of TRICO BANCSHARES common stock following the May 22, 2026 equity activity.

Were any TRICO BANCSHARES shares sold in Margaret Kane’s Form 4?

No shares were sold in this filing. All reported transactions involve the acquisition of equity through the exercise of Restricted Stock Units and a new RSU grant, with no open-market dispositions or tax-withholding sales disclosed.

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

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Accepted by SEC EDGAR 05/26/2026 - 02:26 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Kane Margaret L

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		M		2,178	A	(1)	12,183.5607	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	05/22/2026		M			2,178	(1)	(1)	Common Stock	2,178	$0	0	D
Restricted Stock Unit	(2)	05/21/2026		A		1,646		(2)	(2)	Common Stock	1,646	(2)	1,646	D

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/Margaret Kane, by Janine Howard, Attorney-in-Fact	05/26/2026
	** Signature of Reporting Person	Date
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)