Vogel Kimberley H 4

What Happened

• Kimberley H. Vogel, a director of TRICO BanCSHARES (TCBK), reported a conversion/vesting of 2,178 restricted stock units (RSUs) into common shares on 2026-05-22 and a new RSU grant of 1,646 units on 2026-05-21.
• The vested RSUs converted at a per‑share value of $50.68 on 5/22/2026, producing common stock worth about $110,381. The new RSU grant was valued at $50.11 per unit on the grant date (total value ≈ $82,481) and vests 100% on 5/21/2027.
• These are compensation-related transactions (vesting and a new award), not open-market purchases or sales.

Key Details

• Transaction dates and values:
  • 2026-05-22: Conversion/vesting of 2,178 RSUs into 2,178 common shares; value on vesting date $50.68/share → ≈ $110,381 (footnote F1).
  • 2026-05-21: Grant of 1,646 RSUs; per‑unit grant value $50.11 → ≈ $82,481; 100% vests 5/21/2027 (footnote F2).
• Reported transaction codes: M = conversion/exercise of derivative (vesting conversion); A = award/grant (new RSU).
• The filing shows a derivative "disposition" at $0 for the converted RSUs—this reflects the conversion from RSU to common stock rather than a market sale.
• Shares beneficially owned after the transactions are not specified in the supplied filing details.
• Filing timeliness: Form 4 was filed 2026-05-26 for transactions on 5/21–5/22; this appears to be filed after the standard two-business-day window (marked as late).

Context

• RSU vesting and grants are common director compensation. The conversion simply issued shares upon vesting (not a sale), and the new RSU grant vests in one year and includes dividend reinvestment into additional RSUs per the footnote.
• Such compensation events are routine and do not necessarily indicate the insider is buying or selling the stock in the market.