Tejon Ranch (TRC) director Steven Betts receives 1,312-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Betts Steven A. reported acquisition or exercise transactions in this Form 4 filing.
TEJON RANCH CO director Steven A. Betts received a stock grant of 1,312 shares of Tejon Ranch Co. Common Stock valued at $18.84 per share. This was a compensation-related award, not an open-market purchase, and increased his directly held shares to 50,698.
Footnotes state he directly owns 49,393 TRC shares and indirectly holds 1,305 shares through a Non-Qualified Deferred Compensation Plan trust, showing both personal and deferred-compensation exposure to the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Betts Steven A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Tejon Ranch Co. Common Stock | 1,312 | $18.84 | $25K |
Holdings After Transaction:
Tejon Ranch Co. Common Stock — 50,698 shares (Direct)
Footnotes (1)
- Direct Ownership of 49,393 TRC Shares Indirect ownership of 1,305 shares in the Non-Qualified Deferred Compensation Plan Truct
Key Figures
Stock grant size: 1,312 shares
Grant value per share: $18.84 per share
Direct holdings after transaction: 50,698 shares
+2 more
5 metrics
Stock grant size
1,312 shares
Compensation-related award of Tejon Ranch Co. Common Stock
Grant value per share
$18.84 per share
Reported value for the 1,312-share award
Direct holdings after transaction
50,698 shares
Total Tejon Ranch Co. Common Stock held directly after award
Direct ownership detail
49,393 shares
Direct TRC shares referenced in footnote
Indirect holdings
1,305 shares
Held in Non-Qualified Deferred Compensation Plan trust
Key Terms
Grant, award, or other acquisition, Non-Qualified Deferred Compensation Plan, Tejon Ranch Co. Common Stock
3 terms
Grant, award, or other acquisition financial
"transaction code description is "Grant, award, or other acquisition""
Non-Qualified Deferred Compensation Plan financial
"Indirect ownership of 1,305 shares in the Non-Qualified Deferred Compensation Plan Truct"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
Tejon Ranch Co. Common Stock financial
"security_title: "Tejon Ranch Co. Common Stock""
FAQ
What insider transaction did TRC director Steven A. Betts report on this Form 4?
Steven A. Betts reported receiving a grant of 1,312 shares of Tejon Ranch Co. Common Stock as a stock award. The shares were valued at $18.84 each and represent compensation, not an open-market stock purchase.
Was the TRC Form 4 transaction a stock purchase or an equity award?
The TRC Form 4 shows an equity award, not a market purchase. The transaction code is “A” for a grant, award, or other acquisition, indicating the 1,312 shares were granted as compensation instead of being bought on the open market.
Does the TRC Form 4 disclose any indirect holdings by Steven A. Betts?
Yes. A footnote states that Steven A. Betts has indirect ownership of 1,305 TRC shares held in a Non-Qualified Deferred Compensation Plan trust. This is in addition to his directly owned shares of Tejon Ranch Co. Common Stock.