BAILEY DANIEL K 4

What Happened
Daniel K. Bailey, EVP & Chief Banking Officer of TRICO Bancshares (TCBK), received equity awards and completed a derivative exercise in late March 2026. On 2026-03-27 he was granted two awards totaling 7,794 units (3,897 RSUs and 3,897 PSUs). On 2026-03-30 he exercised/converted 1,267 derivative shares; 743 of those shares were withheld to pay tax withholding of $34,988 (withholding price reported as $47.09 per share on the vesting date).

Key Details

• Transaction dates: grants on 2026-03-27; exercise/vesting and tax withholding on 2026-03-30; Form 4 filed 2026-03-31. No late filing is indicated in the report.
• Grants: 2 awards of 3,897 units each (total 7,794 units). Per-footnote value on grant date was $48.12 (30-day average ending 3/27/2026). RSUs/PSUs reported as granted at $0.00 per unit (standard for RSU/PSU disclosures).
• Vesting/exercise: 1,267 shares were delivered/converted on 3/30/2026. Of those, 743 shares were withheld to satisfy tax withholding at $47.09/share totaling $34,988 (footnote F2).
• Footnotes: F1 — 33% vesting of an RSU award (including accumulated dividends) with vest price $47.09 on 3/30/2026. F3 — RSU vests 33.33% per year over three years; dividends reinvested. F4 — PSU is performance-based cliff vest after 3 years (0–150% payout vs. target based on relative TSR).
• Shares owned after the transactions: not disclosed in the provided filing details.

Context
This was an equity award vesting and related derivative exercise with shares withheld for taxes — a routine insider event rather than an open-market purchase or sale. The PSU portion has performance conditions (cliff vests after three years and may pay out 0–150% of target). The withholding of shares to cover taxes is common and does not by itself indicate a change in insider sentiment.