Gammon Denise A 4

What Happened

• Denise A. Gammon, a director of Tejon Ranch Co. (TRC), was granted 918 shares on July 14, 2026. The reported acquisition price per share was $18.70, for a total reported value of $17,167. This transaction is recorded as an award/grant (code A) — an acquisition of shares rather than a sale.

Key Details

• Transaction date and price: 2026-07-14 at $18.70 per share (total $17,167).
• Transaction type: Award/Grant (SEC Form 4 code A); shares were acquired (not sold).
• Filing date: 2026-07-15 (filed promptly the next day; not marked late).
• Shares owned after transaction: not specified in the provided filing.
• No footnotes provided in the supplied summary (e.g., 10b5-1 plan, tax withholding, or cashless sale not indicated).

Context

• Director awards are commonly part of compensation or board equity programs and can be issued subject to vesting or other restrictions; the filing does not specify vesting or immediate sale. Such awards represent an acquisition but are typically routine compensation rather than a clear bullish or bearish signal. The dollar value here (~$17k) is modest relative to typical insider transactions.