Trico Bancshares (TCBK) CIO vests PSUs, 940 shares withheld for taxes
Rhea-AI Filing Summary
Trico Bancshares Chief Information Officer Jason Todd Levingston reported compensation-related share activity, including the vesting of performance stock units (PSUs). On June 25, 2026, 1,467 PSUs were exercised into an equivalent number of Common Stock shares after performance certification.
The footnotes state these PSUs vested at 109.36% of the target number, based on total stockholder return relative to the KBW Regional Banking Index. To cover tax liabilities, 940 Common Stock shares were withheld at $53.55 per share. Following these transactions, Levingston holds 3,354.29 Common Stock shares directly and 1,049.64 shares indirectly through an ESOP, with no open-market purchases or sales reported.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 664 shares
Net Buy
4 txns
Insider
Levingston Jason Todd
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 1,467 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,604 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 940 | $53.55 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 4,609 shares (Direct);
Common Stock — 3,354.29 shares (Direct);
Common Stock — 1,049.64 shares (Indirect, ESOP)
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
PSUs vested and exercised: 1,467 units/shares
PSU vesting performance: 109.36%
Shares withheld for taxes: 940 shares at $53.55
+2 more
5 metrics
PSUs vested and exercised
1,467 units/shares
Performance stock units converted to Common Stock on June 25, 2026
PSU vesting performance
109.36%
Percentage of target PSUs vested based on relative total stockholder return
Shares withheld for taxes
940 shares at $53.55
Tax-withholding disposition to pay liability on June 25, 2026
Direct holdings after transactions
4,294.29 shares
Common Stock directly held by Levingston following Form 4 transactions
Indirect ESOP holdings
1,049.64 shares
Common Stock held indirectly through ESOP as of June 25, 2026
Key Terms
Performance Stock Unit, total stockholder return, KBW Regional Banking Index, ESOP, +1 more
5 terms
Performance Stock Unit financial
"Vesting of performance-based stock unit (PSU). Each PSU represented the right to receive 0%-150% of the target number"
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 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
"relative to the KBW Regional Banking Index (based on an initial grant of PSUs"
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
"total_shares_following_transaction":"1049.6400","direct_or_indirect":"I","nature_of_ownership":"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.
tax liability financial
"Reflects shares withheld to pay toward tax liability."
FAQ
What did TCBK Chief Information Officer Jason Todd Levingston report in this Form 4?
He reported compensation-related share activity from PSU vesting and tax withholding. 1,467 performance stock units converted into Common Stock, and 940 shares were withheld to pay tax liabilities, with no open-market buying or selling disclosed in the filing.
What are performance stock units (PSUs) and how were they treated for TCBK in this filing?
PSUs are performance-based equity awards that convert to shares if goals are met. In this case, 1,467 PSUs vested and were exercised into Common Stock after performance was certified, reflecting 109.36% of the target based on relative total stockholder return.
What is the significance of the ESOP holdings reported for TCBK’s CIO?
The Form 4 shows 1,049.64 shares held indirectly through an ESOP. ESOP holdings reflect employee benefit plan ownership rather than direct trading activity, adding to Levingston’s total economic exposure to Trico Bancshares stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
