Gehlmann Gregory A 4

4 · TRICO BANCSHARES / · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

TRICO (TCBK) SVP Gregory Gehlmann Receives Awards, Withholds Shares

What Happened

Gregory A. Gehlmann, SVP and General Counsel of TRICO Bancshares (TCBK), received equity awards and had a portion of previously granted restricted stock units (RSUs) vest. The filing shows grants of 1,995 RSUs and 1,995 performance-based restricted stock units (PSUs) on 2026-03-27. On 2026-03-30 a derivative conversion/vesting event affected 761 shares. To cover tax withholding, 444 shares were surrendered/withheld at $47.09 per share, yielding $20,908.

Key Details

Transaction dates: Grants dated 2026-03-27; vesting/conversion and withholding occurred 2026-03-30. Filing date: 2026-03-31.
Prices/values: Tax withholding was 444 shares at $47.09/share = $20,908. Per-unit grant value (for RSU grant) was $48.12 (30-day avg ending 3/27/2026).
Shares affected: Grants = 1,995 RSUs and 1,995 PSUs; 761 shares reported as converted/exercised (derivative conversion) and 444 shares withheld for taxes. Shares owned after the transactions are not specified in the provided filing excerpt.
Footnotes of note:
- F1: 33% vesting of RSU award (granted 3/28/2025); vesting price on 3/30/2026 was $47.09.
- F2: Shares were withheld to satisfy tax withholding.
- F3: RSU grant vests 33.33% per year over three years; cash dividends on RSUs are reinvested.
- F4: PSU grant cliff vests after 3 years (0%-150% of target) based on TRICO total shareholder return vs. KBW Regional Banking Index.
Timeliness: Filing appears timely (transactions 3/27–3/30; Form 4 filed 3/31).

Context

This was not an open-market sale of shares for cash; the only shares surrendered were to cover tax withholding on vesting. Derivative-code (M) entries reflect conversion/vesting of equity awards (RSUs/PSUs) rather than stock-option cashless sales. PSUs are performance-based and may not convert into shares until the multi-year performance period completes. For retail investors, vesting and withholding are routine compensation events and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-03-27

SVP General Counsel

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-30+761→ 21,575.987 total
Tax Payment
Common Stock
[F2]
2026-03-30$47.09/sh−444$20,908→ 21,131.987 total
Award
Restricted Stock Unit
[F3]
2026-03-27+1,995→ 6,157 total
→ Common Stock (1,995 underlying)
Award
Performance Stock Unit
[F4]
2026-03-27+1,995→ 9,378 total
→ Common Stock (1,995 underlying)
Exercise/Conversion
Restricted Stock Unit
[F1]
2026-03-30−761→ 5,396 total
→ Common Stock (761 underlying)

Holdings

Footnotes (4)

[F1]33% vesting of Restricted Stock Unit award, including accumulated dividends, granted on 3/28/2025. Price per share on vesting date (3/30/2026) was $47.09.
[F2]Reflects shares withheld to pay toward tax liability.
[F3]Represents a grant of Restricted Stock Unit (RSU) award which vests in 33.33% per year over three years. Cash dividends on RSUs are reinvested in shares of Issuers common stock at fair market value on date of dividend payment. Per unit value on date of grant was $48.12 (based on the 30-day average closing price of Issuers common stock ending 3/27/2026).
[F4]Represents a grant of Performance-based restricted stock (PSU) award that cliff vests after 3 years between 0%-150% of the target number of shares (the number of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.

Signature

/s/Gregory Gehlmann by Janine Howard, Attorney-in-Fact|2026-03-31

1 file