Leggio Anthony L. 4
Research Summary
AI-generated summary
Trico Bancshares (TCBK) Director Anthony Leggio Vests RSUs, Receives Grant
What Happened
Anthony L. Leggio, a director of Trico Bancshares (TCBK), had 2,178 restricted stock units (RSUs) convert into 2,178 shares upon vesting (5/22/2026) and was granted 1,646 new RSUs on 5/21/2026. The vested shares had a per‑share value of $50.68 (total value ≈ $110,381). The new RSU award carried a per‑unit value of $50.11 (grant value ≈ $82,481) and vests 100% on 5/21/2027. No cash sale of the vested shares is reported; the conversion produced shares rather than proceeds.
Key Details
- Transaction dates: RSU grant 5/21/2026 (1,646 RSUs); RSU vest/conversion 5/22/2026 (2,178 RSUs → 2,178 shares).
- Values: Vesting value ≈ $110,381 (2,178 × $50.68); grant value ≈ $82,481 (1,646 × $50.11).
- Filing: Form 4 filed 5/26/2026 reporting the 5/21–5/22 transactions. The filing was submitted within the typical Form 4 reporting window.
- Shares owned after the transactions: not reported in the provided data.
- Footnotes: F1 — conversion reflects RSUs (granted 5/22/2025) vesting into common stock one‑for‑one and includes accumulated dividends; F2 — new RSU grant vests 5/21/2027 and cash dividends on RSUs are reinvested at fair market value.
- No sale proceeds or tax‑withholding line is shown in the provided entries (the $0 proceeds entry reflects conversion/vesting, not an open‑market sale).
Context
This filing documents typical insider equity compensation activity (vesting and a new RSU grant), not an open‑market purchase or sale. RSU vesting converts units into shares (sometimes reflecting dividend reinvestment); the new RSU grant vests next year, so it does not represent an immediate purchase of stock.