Trico Bancshares CFO vests PSUs, tax shares withheld
Trico Bancshares EVP and CFO Peter G. Wiese reported compensation-related equity activity involving performance stock units and common stock.
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 EVP and CFO Peter G. Wiese reported compensation-related equity activity involving performance stock units and common stock. On June 25, 2026, 5,724 Performance Stock Units were exercised into 5,724 shares of common stock at $0.00 per share, following vesting tied to total stockholder return versus the KBW Regional Banking Index at 109.36% of target. On the same date, 3,659 common shares valued at $53.55 per share were withheld to satisfy tax liabilities, which is a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Wiese held 53,350 common shares directly, plus indirect holdings of 2,700 shares through a family trust and 1,761.43 shares through an ESOP.
Insider Trade Summary
5,724 shares exercised/converted
Exercise
5 txns
Insider
Wiese Peter G
Role
EVP Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 5,724 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,259 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,659 | $53.55 | $196K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 14,709 contracts (Direct);
Common Stock — 53,350 shares (Direct);
Common Stock — 1,761.43 shares (Indirect, By ESOP);
Common Stock — 2,700 shares (Indirect, By family trust)
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 exercised: 5,724 units
Tax-withheld shares: 3,659 shares at $53.55
Direct common shares after transactions: 57,009 shares
+4 more
7 metrics
PSUs exercised
5,724 units
Performance Stock Units converted to common stock on June 25, 2026
Tax-withheld shares
3,659 shares at $53.55
Shares withheld to pay tax liability on June 25, 2026
Direct common shares after transactions
57,009 shares
Direct holdings following June 25, 2026 transactions
Family trust holdings
2,700 shares
Indirect ownership by family trust as of June 25, 2026
ESOP holdings
1,761.43 shares
Indirect ownership by ESOP as of June 25, 2026
PSU vesting level
109.36% of target
Performance-based PSU vesting relative to KBW Regional Banking Index
Remaining PSUs
14,709 units
Performance Stock Units remaining after exercise on June 25, 2026
Key Terms
Performance Stock Unit, tax-withholding disposition, ESOP, total stockholder return, +1 more
5 terms
Performance Stock Unit financial
"The filing lists a security titled "Performance Stock Unit" exercised into common stock."
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.
tax-withholding disposition financial
"One transaction is described as a tax-withholding disposition to pay tax liability."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
ESOP financial
"Indirect ownership of common stock is shown as "By ESOP" in the filing."
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.
total stockholder return financial
"Each PSU represented the right to receive shares based on total stockholder return."
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
"PSU vesting depended on performance 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 equity transactions did TCBK CFO Peter Wiese report on June 25, 2026?
Peter Wiese reported vesting and exercise of performance stock units and related tax withholding. 5,724 PSUs converted into common stock, and 3,659 shares were withheld at $53.55 per share to cover tax liabilities, with no open-market sale reported.
Were any of the TCBK CFO’s June 25, 2026 transactions open-market sales?
No open-market sales were disclosed. The 3,659 common shares reported with code F were withheld to pay tax liabilities on equity compensation, a non-market tax-withholding disposition rather than a discretionary sale into the market.
What performance metric determined the TCBK performance stock unit vesting for the CFO?
The performance stock units vested based on total stockholder return relative to the KBW Regional Banking Index. The filing states these PSUs vested at 109.36% of the target number on the June 25, 2026 certification date, triggering conversion into common shares.
What does transaction code F mean in the TCBK CFO’s Form 4?
Transaction code F indicates shares used to pay the exercise price or tax liability. In this case, 3,659 common shares at $53.55 each were withheld to satisfy the CFO’s tax obligations on equity compensation, not sold on the open market.
How many performance stock units were exercised by the TCBK CFO on June 25, 2026?
The Form 4 reports that 5,724 Performance Stock Units were exercised on June 25, 2026. Each unit converted into one share of common stock at a $0.00 exercise price following certification of performance at 109.36% of the target level.
AI-generated analysis. How Rhea-AI works. Not financial advice.
