TriCo Bancshares EVP reports PSU vesting and share award
TriCo Bancshares EVP Chief Credit Officer Craig B. Carney reported the vesting of performance stock units tied to relative total stockholder return, resulting in the acquisition of 4,561 shares of common stock on June 25, 2026.
Rhea-AI Filing Summary
TriCo Bancshares EVP Chief Credit Officer Craig B. Carney reported the vesting of performance stock units tied to relative total stockholder return, resulting in the acquisition of 4,561 shares of common stock on June 25, 2026. 2,675 shares were withheld at $53.55 per share to satisfy tax obligations. Following these transactions he holds 40,688 TriCo Bancshares common shares directly, plus 9,898.03 shares via an ESOP and 166.27 shares held indirectly through his daughter.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,171 shares exercised/converted
Exercise
5 txns
Insider
CARNEY CRAIG B
Role
EVP Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 4,171 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,561 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,675 | $53.55 | $143K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 10,705 contracts (Direct);
Common Stock — 40,688 shares (Direct);
Common Stock — 9,898.03 shares (Indirect, By ESOP);
Common Stock — 166.27 shares (Indirect, By daughter)
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
Common shares acquired: 4,561 shares
Shares withheld for taxes: 2,675 shares
Tax withholding price: $53.55 per share
+5 more
8 metrics
Common shares acquired
4,561 shares
Shares of common stock received on 2026-06-25 from performance stock units vesting
Shares withheld for taxes
2,675 shares
Common shares withheld to pay tax liability associated with the vesting event
Tax withholding price
$53.55 per share
Per-share value of common stock used to satisfy tax obligations
PSU vesting percentage
109.36%
Performance stock units vested at 109.36% of target on certification date June 25, 2026
Direct common stock holding
40,688 shares
Directly owned TriCo Bancshares common shares following reported transactions
ESOP indirect holding
9,898.03 shares
Indirect TriCo Bancshares common stock held through an ESOP after transactions
Daughter indirect holding
166.27 shares
TriCo Bancshares common stock held indirectly through Carney’s daughter
Underlying PSUs
4,171 units
Performance stock units representing the right to receive common shares based on TSR
Key Terms
Performance Stock Unit, total stockholder return, KBW Regional Banking Index, ESOP
4 terms
Performance Stock Unit financial
"Vesting of performance-based stock unit (PSU). Each PSU represented the right"
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.
total stockholder return financial
"based on the Issuers total stockholder return, relative to the KBW"
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 market
"relative to the KBW Regional Banking Index (based on an initial"
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.
ESOP financial
"Common Stock holdings reported as indirect 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TCBK executive Craig B. Carney report?
Craig B. Carney reported the vesting of performance stock units that delivered 4,561 TriCo Bancshares common shares on June 25, 2026. These units were tied to relative total stockholder return, and the vesting event converted them into actual shares.
How were TCBK performance stock units for Craig B. Carney measured?
The performance stock units were based on the issuer’s total stockholder return relative to the KBW Regional Banking Index, with a payout range of 0%–150% of target. The units vested at 109.36% of the target number on the June 25, 2026 certification date.
Is the TCBK Form 4 transaction reported under a Rule 10b5-1 plan?
The filing does not indicate that these transactions were made under a Rule 10b5-1 trading plan. The plan affirmation box is unchecked, and the footnotes do not reference any pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
