Hasbrook John S A 4

What Happened

• John S. A. Hasbrook, a director of TRICO Bancshares (TCBK), had 2,178 restricted stock units (RSUs) convert into 2,178 shares of common stock on 2026-05-22 (vesting conversion; value ≈ $50.68/share → ≈ $110,381). He also received a new RSU award of 1,676 units on 2026-05-21 (grant per-unit value ≈ $50.11 → grant value ≈ $83,984). The Form 4 shows the RSU derivative was converted (the derivative entry is marked as disposed at $0, which reflects cancellation of the RSU instrument on conversion). These were awards/vesting events, not open-market sales.

Key Details

• Transaction dates and values:
  • 2026-05-22: Conversion/exercise of RSUs to 2,178 shares; value on vesting date $50.68/share (≈ $110,381).
  • 2026-05-21: Grant of 1,676 RSUs; per-unit grant value $50.11 (≈ $83,984 total grant value).
• Shares owned following the transactions: Not specified in the filing.
• Notable footnotes:
  • F1: Conversion reflects vested RSUs (granted 5/22/2025) converting one-for-one into common stock, including accumulated dividends; price on vesting date $50.68.
  • F2: New RSU grant vests 100% on 5/21/2027; cash dividends on RSUs are reinvested into shares at fair market value; per-unit grant value $50.11 (30-day avg).
• Filing timeliness: Form filed 2026-05-26; the filing does not indicate a late-reporting flag.

Context

• These filings reflect routine equity compensation activity: vested RSUs converting into shares and a new RSU award being granted. The conversion was not a sale — no shares were sold for cash — and thus does not represent a disposition for cash proceeds. RSU grants and vesting are common compensation for insiders and do not, by themselves, indicate a buy/sell market view.