Tejon Ranch SVP granted shares, some withheld for tax

Tejon Ranch Co.'s Senior Vice President and General Counsel, Michael R.W.

Rhea-AI Filing Summary

Tejon Ranch Co.'s Senior Vice President and General Counsel, Michael R.W. Houston, received a grant of 20,473 shares of Tejon Ranch Co. common stock at $18.90 per share. On the same date, 8,541 shares were withheld to cover tax obligations associated with the award.

After these compensation-related transactions, Houston holds 14,664 shares of Tejon Ranch Co. common stock directly. The filing reflects a routine equity award and related tax withholding rather than open-market buying or selling activity.

Insider Trade Summary 10b5-1

2 transactions reported

Mixed 2 txns

Insider Houston Michael R.W.

Role Sr. VP & General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Tejon Ranch Co. Common Stock	20,473	$18.90	$387K
Exercise Price or Tax Liability	Tejon Ranch Co. Common Stock	8,541	$18.90	$161K

Holdings After Transaction: Tejon Ranch Co. Common Stock — 14,664 shares (Direct)

FAQ

What insider transaction did Tejon Ranch (TRC) report for Michael R.W. Houston?

Tejon Ranch reported that Senior Vice President and General Counsel Michael R.W. Houston received a grant of 20,473 shares of common stock at $18.90 per share. The transaction is compensation-related, reflecting an equity award rather than an open-market purchase of shares.

How many Tejon Ranch (TRC) shares were withheld for taxes in this Form 4?

The filing shows 8,541 Tejon Ranch common shares were disposed of through tax withholding at $18.90 per share. This withholding covers tax liabilities tied to the equity grant and does not represent an open-market sale initiated by the insider.

How many Tejon Ranch (TRC) shares does Michael R.W. Houston hold after these transactions?

Following the grant and tax withholding, Michael R.W. Houston directly holds 14,664 shares of Tejon Ranch Co. common stock. This post-transaction balance reflects his remaining direct ownership after the equity award and related share withholding for tax obligations.

Were the Tejon Ranch (TRC) insider transactions open-market buys or sells?

No, the transactions were not open-market trades. The Form 4 shows a grant of 20,473 shares as compensation and a related tax-withholding disposition of 8,541 shares, rather than discretionary buying or selling on the open market by the insider.

What do the A and F transaction codes mean in Tejon Ranch (TRC) Form 4?

Code A indicates a grant, award, or other acquisition of 20,473 Tejon Ranch shares as compensation. Code F reflects a tax-withholding disposition, where 8,541 shares were delivered to satisfy tax obligations tied to the equity award, not an elective market sale.

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Accepted by SEC EDGAR 03/24/2026 - 06:48 PM Learn about SEC filing dates

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^*

Houston Michael R.W.

(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)
	Sr. VP & General Counsel

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		20,473	A	$18.9	23,205	D
Tejon Ranch Co. Common Stock	03/24/2026		F		8,541	D	$18.9	14,664	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/Michael R.W.Houston	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)