Trico Bancshares (TCBK) CFO reports RSU vesting and tax withholding transactions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trico Bancshares executive Peter G. Wiese reported routine equity compensation activity involving company common stock. On June 12, 2026, 33% of a Restricted Stock Unit award granted on June 12, 2023, including accumulated dividends, vested and converted into 2,104 shares of common stock at a vesting-date price of $52.64 per share. To cover tax obligations, 1,104 shares were withheld, classified as a tax-liability disposition rather than an open-market sale. Following these transactions, Wiese directly holds 50,750 common shares, with additional indirect holdings of 2,700 shares through a family trust and 1,761.43 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,104 shares exercised/converted
Mixed
5 txns
Insider
Wiese Peter G
Role
EVP Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,104 | $0.00 | -- |
| Exercise | Common Stock | 2,104 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,104 | $52.64 | $58K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 9,654 shares (Direct, null);
Common Stock — 51,854 shares (Direct, null);
Common Stock — 1,761.43 shares (Indirect, By ESOP)
Footnotes (1)
- 33% vesting of Restricted Stock Unit award, including accumulated dividends, granted on 6/12/2023. Price per share on vesting date (6/12/2026) was $52.64 Reflects shares withheld to pay toward tax liability.
Key Figures
RSUs vested: 2,104 shares
Vesting-date share price: $52.64 per share
Shares withheld for taxes: 1,104 shares
+3 more
6 metrics
RSUs vested
2,104 shares
33% of RSU award granted on June 12, 2023
Vesting-date share price
$52.64 per share
Price on June 12, 2026 for RSU vesting
Shares withheld for taxes
1,104 shares
Tax-withholding disposition, code F
Direct common shares after transactions
50,750 shares
Direct ownership following June 12, 2026 events
Family trust holdings
2,700 shares
Indirect ownership by family trust
ESOP holdings
1,761.43 shares
Indirect ownership by ESOP
Key Terms
Restricted Stock Unit, tax liability, ESOP, family trust, +1 more
5 terms
Restricted Stock Unit financial
"33% vesting of Restricted Stock Unit award, including accumulated dividends"
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.
tax liability financial
"Reflects shares withheld to pay toward tax liability."
ESOP financial
"total_shares_following_transaction: 1761.4300, nature_of_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.
family trust financial
"total_shares_following_transaction: 2700.0000, nature_of_ownership: By family trust"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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.
FAQ
What insider transactions did TCBK CFO Peter G. Wiese report on June 12, 2026?
Peter G. Wiese reported vesting of Restricted Stock Units that converted into 2,104 Trico Bancshares common shares. As part of this routine equity compensation event, some shares were withheld to satisfy tax obligations rather than being sold on the open market.
What does transaction code M mean in the TCBK CFO’s Form 4 filing?
Transaction code M in the Form 4 indicates the exercise or conversion of a derivative security, here Restricted Stock Units. For Peter G. Wiese, 2,104 RSUs converted into common shares at a stated price of $0.00, marking a vesting rather than a market purchase.