Does the Form 4 show indirect TCBK share ownership for Michael W. Koehnen?

Yes. The filing lists indirect holdings in TRICO BANCSHARES common stock through an ESOP Trustee, Koehnen & Sons, Koehnen & Sons Profit Sharing, a mother’s trust, and a spouse. Each entry shows the number of shares attributed to these respective entities.

TRICO director converts RSUs, gets new stock grant

TRICO BANCSHARES director Michael W. Koehnen reported routine equity compensation activity.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

TRICO BANCSHARES director Michael W. Koehnen reported routine equity compensation activity. On May 22, 2026, he converted 2,178 Restricted Stock Units, including accumulated dividends, into the same number of common shares on a one-for-one basis. The footnotes state the price per share on the vesting date was $50.68, and his directly held common stock increased to 129,349.577 shares.

On May 21, 2026, he also received a new grant of 1,646 Restricted Stock Units, which vest 100% on May 21, 2027. Cash dividends on these RSUs are reinvested into the issuer’s common stock at fair market value, with a per-unit value of $50.11 based on the 30-day average closing price ending that date. The filing also lists indirect holdings in company stock through an ESOP trust, family entities, a profit-sharing plan, a mother’s trust, and a spouse.

Insider Trade Summary

2,178 shares exercised/converted

Exercise 8 txns

Insider Koehnen Michael W

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,178	$0.00	$0.00
Exercise	Common Stock	2,178	$0.00	$0.00
Grant/Award	Restricted Stock Unit	1,646	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 1,646 contracts (Direct); Common Stock — 129,349.577 shares (Direct); Common Stock — 2,300 shares (Indirect, By spouse); Common Stock — 3,000 shares (Indirect, By mother's trust); Common Stock — 8,600 shares (Indirect, By Koehnen & Sons Profit Sharing); Common Stock — 97,715 shares (Indirect, By Koehnen & Sons); Common Stock — 1,113,794 shares (Indirect, ESOP Trustee)

Footnotes (2)

F1. Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock on a one for one basis. RSUs were granted on 5/22/2025. Price per share on vesting date (5/22/2026) is $50.68.
F2. Represents a grant of Restricted Stock Unit (RSU) award. 100% of the shares vest on 5/21/27. Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment. Per unit value on date of grant was $50.11 (based on the 30-day average closing price of Issuers common stock ending 5/21/26).

Key Figures

RSUs converted to common: 2,178 shares Direct common shares after vesting: 129,349.577 shares New RSU grant size: 1,646 units +5 more

8 metrics

RSUs converted to common 2,178 shares RSU vesting and conversion on May 22, 2026

Direct common shares after vesting 129,349.577 shares Direct holdings following RSU conversion

New RSU grant size 1,646 units Restricted Stock Unit award granted May 21, 2026

RSU vesting-date price $50.68/share Price per share on May 22, 2026 vesting date

RSU grant per-unit value $50.11/unit Based on 30-day average closing price ending May 21, 2026

ESOP indirect holdings 1,113,794 shares Common stock held indirectly as ESOP Trustee

Koehnen & Sons indirect holdings 97,715 shares Common stock held indirectly by Koehnen & Sons

Profit Sharing indirect holdings 8,600 shares Common stock held by Koehnen & Sons Profit Sharing

Key Terms

Restricted Stock Unit, ESOP Trustee, dividends, 30-day average closing price, +1 more

5 terms

Restricted Stock Unit financial

"Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock on a one for one basis."

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.

ESOP Trustee financial

"Common Stock holding entry lists nature of ownership as ESOP Trustee."

dividends financial

"Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment."

Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.

30-day average closing price financial

"Per unit value on date of grant was $50.11 (based on the 30-day average closing price of Issuers common stock ending 5/21/26)."

Grant, award, or other acquisition financial

"Transaction code description for the RSU award is Grant, award, or other acquisition."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did TCBK director Michael W. Koehnen report?

Michael W. Koehnen reported the vesting and conversion of 2,178 Restricted Stock Units into common stock and received a new grant of 1,646 RSUs. These transactions reflect routine equity compensation rather than open-market buying or selling activity.

How many TCBK shares did Koehnen acquire through RSU vesting?

Koehnen acquired 2,178 shares of TRICO BANCSHARES common stock through the vesting and conversion of Restricted Stock Units. The RSUs converted on a one-for-one basis, including accumulated dividends, at a vesting-date share price disclosed as $50.68.

What is Michael W. Koehnen’s direct TCBK shareholding after these transactions?

After the reported RSU conversion, Koehnen directly holds 129,349.577 shares of TRICO BANCSHARES common stock. This figure excludes several indirect positions held through an ESOP trust, family entities, a profit-sharing plan, a mother’s trust, and his spouse.

What are the terms of Koehnen’s new TCBK Restricted Stock Unit grant?

Koehnen received 1,646 Restricted Stock Units tied to TRICO BANCSHARES common stock. All units vest on May 21, 2027. Cash dividends on these RSUs are reinvested in issuer shares at fair market value, with a disclosed grant-date per-unit value of $50.11.

Were Koehnen’s TCBK RSU transactions open-market purchases or sales?

The disclosed activity involves RSU vesting and a new RSU grant, not open-market trades. The Form 4 uses transaction codes M and A, indicating a derivative exercise/conversion and a grant or award acquisition rather than market purchases or sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 05/26/2026 - 02:25 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Koehnen Michael W

(Last)

(First)

(Middle)

63 CONSTITUTION DRIVE

(Street)

CHICO

CALIFORNIA

95973

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TRICO BANCSHARES / [ TCBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/22/2026		M		2,178	A	⁽¹⁾	129,349.577	D
Common Stock								2,300	I	By spouse
Common Stock								3,000	I	By mother's trust
Common Stock								8,600	I	By Koehnen & Sons Profit Sharing
Common Stock								97,715	I	By Koehnen & Sons
Common Stock								1,113,794	I	ESOP Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	05/22/2026		M			2,178	⁽¹⁾	⁽¹⁾	Common Stock	2,178	$0	0	D
Restricted Stock Unit	⁽²⁾	05/21/2026		A		1,646		⁽²⁾	⁽²⁾	Common Stock	1,646	⁽²⁾	1,646	D

Explanation of Responses:

1. Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock on a one for one basis. RSUs were granted on 5/22/2025. Price per share on vesting date (5/22/2026) is $50.68.

2. Represents a grant of Restricted Stock Unit (RSU) award. 100% of the shares vest on 5/21/27. Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment. Per unit value on date of grant was $50.11 (based on the 30-day average closing price of Issuers common stock ending 5/21/26).

Remarks:

	/s/Michael Koehnen by Janine Howard, Attorney-in-Fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR