Giese Cory W 4

What Happened

• Cory W. Giese, a director of TRICO BANCSHARES (TCBK), had 2,178 restricted stock units (RSUs vest) convert into common shares on 2026-05-22 (vest value ~ $110,381 at $50.68/share). The filing also shows a simultaneous disposition of 2,178 derivative shares at $0.00 (reported as a derivative disposal).
• On 2026-05-21 Giese was granted 1,646 RSUs (award) with a per-unit grant value of $50.11 (30-day average); those RSUs vest 100% on 2027-05-21 (grant value ≈ $82,481).

Key Details

• Transaction dates: Grant 2026-05-21; RSU vest/convert 2026-05-22. Form 4 filed 2026-05-26 (timely given the Memorial Day holiday).
• Vest conversion price/value: $50.68 per share on 2026-05-22; 2,178 shares → approx. $110,381.
• Grant details: 1,646 RSUs granted at $50.11 per unit (30-day avg); 100% vest on 2027-05-21; dividends on RSUs are reinvested into shares.
• Disposal at $0.00: 2,178 shares reported disposed at $0.00 as a derivative on 2026-05-22 (see context).
• Shares owned after the transactions: not specified in the provided excerpt—check the full Form 4 for total holdings.

Context

• The 2,178-share conversion represents RSUs vesting and converting to common stock (footnote confirms conversion one-for-one including accumulated dividends). The paired $0.00 derivative disposal typically reflects shares withheld or surrendered to satisfy tax withholding/administrative obligations rather than an open-market sale; it is not evidence of a market sale unless otherwise specified.
• The 1,646-share award is a forward-looking RSU grant that vests next year and does not reflect an immediate cash transaction.
• This filing is routine insider compensation activity (vesting and new grant); it is factual disclosure, not a statement of the director’s market view.