Kane Margaret L 4

What Happened

• Margaret L. Kane, a director of TRICO Bancshares (TCBK), had 2,178 restricted stock units (RSUs vest) convert into 2,178 shares on 2026-05-22. The per-share value on the vesting date was $50.68, giving a notional value of about $110,381.
• The filing also shows a simultaneous reported disposition of 2,178 shares at $0.00 (reported on 2026-05-22) — the filing treats these as a disposal (commonly used to reflect shares withheld to satisfy tax-withholding obligations upon vesting).
• Additionally, Kane received a new RSU grant of 1,646 units on 2026-05-21 valued at $50.11 per unit (~$82,481). Those RSUs vest 100% on 2027-05-21; dividends on RSUs are reinvested in shares.

Key Details

• Transaction dates and prices:
  • 2026-05-22: 2,178 RSUs converted to shares at $50.68 each (total ≈ $110,381).
  • 2026-05-22: 2,178 shares reported disposed at $0.00 (reported value $0).
  • 2026-05-21: Grant of 1,646 RSUs valued at $50.11 per unit (total ≈ $82,481); vest date 2027-05-21.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Confirms conversion of RSUs (including accumulated dividends) on a 1-for-1 basis; RSUs were originally granted 5/22/2025; per-share value on vest date $50.68.
  • F2: Describes the new RSU grant (30-day average price used to value grant) and dividend reinvestment.
• Filing timeliness: The Form 4 was filed 2026-05-26 covering transactions on 5/21–5/22; this appears later than the typical 2-business-day Form 4 deadline and may be a late filing.

Context

• These entries reflect equity compensation activity (vesting and a new grant), not open-market buying or selling for investment. The reported $0.00 disposition is consistent with the common practice of withholding shares to cover taxes when RSUs vest — a routine administrative transaction rather than a market sale that would signal insider sentiment.