CARNEY CRAIG B 4

What Happened

• Craig B. Carney, EVP & Chief Credit Officer of TRICO Bancshares (TCBK), had 1,209 restricted stock units (RSUs) vest on 2026-03-30. Of those, 709 shares were withheld to cover taxes at $47.09 per share (total withheld value $33,387), leaving 500 net shares delivered to him.
• On 2026-03-27 he received two grants: 3,161 RSUs (time-based) and 3,161 performance-based restricted stock units (PSUs, target). The RSU grant per-unit value at grant was $48.12 (30‑day average ending 3/27/2026).

Key Details

• Transaction dates/prices:
  • 2026-03-30: 1,209 RSUs vested; tax withholding of 709 shares at $47.09 (withheld value $33,387).
  • 2026-03-27: Grants of 3,161 RSUs and 3,161 PSUs (per-unit grant value $48.12).
• Shares owned after transaction: Not specified in the excerpted filing.
• Footnotes of note:
  • F1: 33% vesting of an RSU award (including accumulated dividends); vest price $47.09 on 3/30/2026.
  • 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 into shares.
  • F4: PSU grant cliff vests after 3 years and pays 0–150% of target based on TRICO’s total shareholder return vs. the KBW Regional Banking Index.
• Filing timeliness: Form 4 filed 2026-03-31 reporting transactions from 3/27 and 3/30 — the filing appears timely.

Context

• The vesting and withholding here are routine compensation events (time- and performance-based equity awards), not an open-market purchase or sale driven by the insider. The "exercise/conversion" entries reflect conversion/vesting of derivative awards (RSUs) into shares; 709 shares were surrendered/withheld to cover tax obligations (a common cashless-withholding method).
• The PSU award is performance-contingent and may pay between 0% and 150% of the target (3,161 shares listed) after a three-year performance period, so future share delivery is uncertain.