Tejon Ranch (TRC) Director Steven Betts Receives Award of 1,320 Shares

What Happened
Steven A. Betts, a director of Tejon Ranch Co. (TRC), was granted 1,320 shares as an award on July 14, 2026. The grant was recorded at $18.70 per share, a total value of $24,684. This was an award/grant (code A) from the company—company-issued compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-14; Form 4 filed: 2026-07-15 (timely filing).
• Transaction type: Award/Grant (Code A).
• Shares granted: 1,320 at $18.70 per share; total value $24,684.
• Shares owned after transaction: 50,713 shares reported as direct ownership (Footnote F1).
• Additional indirect holdings: 1,305 shares held in the Non-Qualified Deferred Compensation Plan trust (Footnote F2).
• No 10b5-1 plan, tax-withholding sale, or exercise/sale noted in this filing.

Context
Awards like this are typically part of director compensation and do not by themselves signal an open-market buy or sell. The filing notes Betts’s direct and indirect holdings so investors can see his total exposure: 50,713 shares directly and 1,305 indirectly in a deferred comp trust. This is informational and factual—no inference about future company performance should be drawn solely from a compensation grant.