Tejon Ranch (TRC) SVP awarded shares; portion withheld for taxes

Rhea-AI Filing Summary

Tejon Ranch Co. senior vice president of finance and chief accounting officer Robert D. Velasquez received a grant of 17,221 shares of common stock at $18.90 per share. On the same date, 9,559 shares were disposed of to cover tax obligations, leaving him with 48,568 directly owned shares.

Insider Trade Summary 10b5-1

2 transactions reported

Mixed 2 txns

Insider Velasquez Robert D

Role SVP Finance/CAO

Type	Security	Shares	Price	Value
Grant/Award	Tejon Ranch Co. Common Stock	17,221	$18.90	$325K
Tax Withholding	Tejon Ranch Co. Common Stock	9,559	$18.90	$181K

Holdings After Transaction: Tejon Ranch Co. Common Stock — 58,127 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Velasquez Robert D

(Last) (First) (Middle)

P.O. BOX 1000

(Street)

LEBEC CALIFORNIA 93243

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEJON RANCH CO [ TRC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Finance/CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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)
			Code	V	Amount	(A) or (D)	Price
Tejon Ranch Co. Common Stock	03/24/2026		A		17,221	A	$18.9	58,127	D
Tejon Ranch Co. Common Stock	03/24/2026		F		9,559	D	$18.9	48,568	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/Robert D. Velasquez	03/24/2026
	** 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)

FAQ

What insider transaction did TRC executive Robert D. Velasquez report?

Robert D. Velasquez reported receiving a grant of 17,221 Tejon Ranch Co. common shares. The award was recorded at $18.90 per share and reflects compensation in equity rather than a market purchase of stock on the open market.

Were any Tejon Ranch (TRC) shares sold on the market in this Form 4?

The Form 4 shows 9,559 shares disposed of for tax payment, not an open-market sale. The transaction used shares to satisfy tax obligations tied to the equity grant, rather than a discretionary sale into the market.

How many Tejon Ranch Co. shares does Robert D. Velasquez now hold?

After the reported transactions, Robert D. Velasquez directly owns 48,568 Tejon Ranch Co. common shares. This figure reflects the net position following the stock grant and the separate share disposition to satisfy related tax liabilities.

What do the Form 4 transaction codes A and F mean for TRC?

Code A on the Form 4 indicates a grant or award acquisition of shares as compensation. Code F indicates shares were delivered to cover an exercise price or tax liability, which is treated as a non-market, tax-withholding disposition.

Did the TRC insider transaction involve any derivatives or options exercises?

The Form 4 data shows only non-derivative common stock transactions for Robert D. Velasquez. There are no derivative transactions or option exercises reported, and the derivative position summary is empty in this filing.