TRICO BANCSHARES (TCBK) director converts RSUs and receives new 1,646-unit grant
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,178 shares
Net Buy
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 shares (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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.