TRICO SVP exercises RSUs, gets new stock awards
TRICO BANCSHARES senior executive compensation and tax withholding activity.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
TRICO BANCSHARES senior executive compensation and tax withholding activity. SVP and General Counsel Gregory A. Gehlmann exercised 761 Restricted Stock Units into Common Stock on March 30, 2026, as part of 33% vesting of an award granted on March 28, 2025 at a per-share price of $47.09 on the vesting date. To cover related tax obligations, 444 Common Stock shares were withheld at $47.09 per share. Following these transactions, he held 21,131.9873 Common Stock shares directly and 2,380.83 shares indirectly through an ESOP. On March 27, 2026, he also received new equity compensation grants of 1,995 Restricted Stock Units and 1,995 Performance-based stock units, each tied to Common Stock, with RSUs scheduled to vest in roughly one-third increments over three years and PSUs cliff vesting after three years based on total stockholder return versus the KBW Regional Banking Index.
Insider Trade Summary
761 shares exercised/converted
Exercise
6 txns
Insider
Gehlmann Gregory A
Role
SVP General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 761 | $0.00 | $0.00 |
| Exercise | Common Stock | 761 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 444 | $47.09 | $21K |
| Grant/Award | Restricted Stock Unit | 1,995 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 1,995 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 9,378 contracts (Direct);
Restricted Stock Unit — 5,396 contracts (Direct);
Common Stock — 21,131.9873 shares (Direct);
Common Stock — 2,380.83 shares (Indirect, By ESOP)
Footnotes (4)
- F1. 33% vesting of Restricted Stock Unit award, including accumulated dividends, granted on 3/28/2025. Price per share on vesting date (3/30/2026) was $47.09.
- F2. Reflects shares withheld to pay toward tax liability.
- F3. Represents a grant of Restricted Stock Unit (RSU) award which vests in 33.33% per year over three years. Cash dividends on RSUs are reinvested in shares of Issuers common stock at fair market value on date of dividend payment. Per unit value on date of grant was $48.12 (based on the 30-day average closing price of Issuers common stock ending 3/27/2026).
- F4. Represents a grant of Performance-based restricted stock (PSU) award that cliff vests after 3 years between 0%-150% of the target number of shares (the number of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.
Key Figures
RSUs exercised: 761 shares
Tax withholding shares: 444 shares at $47.09
New RSU grant: 1,995 units
+4 more
7 metrics
RSUs exercised
761 shares
33% vesting of RSU award granted on March 28, 2025
Tax withholding shares
444 shares at $47.09
Shares withheld to pay tax liability on March 30, 2026
New RSU grant
1,995 units
RSU award granted March 27, 2026, vests over three years
New PSU grant
1,995 units
Performance stock units cliff vest after three years
Direct Common Stock holding
21,131.9873 shares
Shares held directly after March 30, 2026 transactions
Indirect ESOP holding
2,380.83 shares
Common Stock held indirectly by ESOP as of March 27, 2026
Per-unit RSU grant value
$48.12
30-day average closing price ending March 27, 2026
Key Terms
Restricted Stock Unit, Performance-based restricted stock, ESOP, cliff vests, +2 more
6 terms
Restricted Stock Unit financial
"Represents a grant of Restricted Stock Unit (RSU) award which vests in 33.33% per year over three years."
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.
Performance-based restricted stock financial
"Represents a grant of Performance-based restricted stock (PSU) award that cliff vests after 3 years between 0%-150% of the target number of shares."
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
ESOP financial
"Common Stock holding of 2,380.83 shares 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.
cliff vests financial
"Performance-based restricted stock (PSU) award that cliff vests after 3 years between 0%-150% of the target number of shares."
total stockholder return financial
"Award vests 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
"Based on the Issuers total stockholder return relative to the KBW Regional Banking Index."
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 transactions did TCBK executive Gregory Gehlmann report on March 30, 2026?
Gregory A. Gehlmann reported exercising 761 Restricted Stock Units into Common Stock and a related tax withholding of 444 shares at $47.09 per share. These actions reflect vesting of prior equity awards rather than open-market buying or selling activity.
What new RSU awards did TCBK grant to Gregory Gehlmann in March 2026?
On March 27, 2026, Gregory Gehlmann received a grant of 1,995 Restricted Stock Units tied to TRICO BANCSHARES Common Stock. The award vests in approximately one-third increments annually over three years, with cash dividends on RSUs reinvested in additional shares at fair market value.
What performance stock units (PSUs) did TCBK grant to Gregory Gehlmann?
On March 27, 2026, he received 1,995 performance-based restricted stock units that cliff vest after three years. The actual shares earned can range from 0% to 150% of target, based on total stockholder return versus the KBW Regional Banking Index.
How were TCBK RSU dividends treated for Gregory Gehlmann’s award?
For Gregory Gehlmann’s RSU award, cash dividends are reinvested in TRICO BANCSHARES Common Stock at fair market value on each dividend payment date. This reinvestment increases his share-based compensation as additional shares accumulate over time through dividend reinvestment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
