Nakamura Jon 4

What Happened

• Jon Nakamura, a director of TRICO BANCSHARES (TCBK), had 2,178 restricted stock units (RSUs) convert into common shares upon vesting on 2026-05-22. The filing lists a conversion value of $50.68 per share (total ≈ $110,381). The same 2,178-share derivative line is also reported as a disposition at $0.00 (no sale proceeds reported in the filing).
• Separately, Nakamura received a new RSU award on 2026-05-21 for 1,646 shares. The per-unit grant value on that date was $50.11, implying a grant value of ≈ $82,481. These new RSUs vest 100% on 2027-05-21; cash dividends on the RSUs are reinvested into shares.

Key Details

• Transaction dates: Grant 2026-05-21 (RSU award); Vesting/conversion 2026-05-22 (2,178 RSUs).
• Prices/values: Vesting price $50.68/share → ~ $110,381 total; Grant per-unit value $50.11 → ~ $82,481 total.
• Disposition: Filing also shows a derivative disposition of 2,178 shares at $0.00 (no sale proceeds shown).
• Shares owned after transaction: Not stated in the filing.
• Footnotes: F1 confirms conversion of RSUs (including accumulated dividends) one-for-one into common stock on vesting (5/22/2026). F2 describes the RSU grant (vests 5/21/2027) and per-unit grant value based on a 30-day average.
• Filing timeliness: Form 4 was filed 2026-05-26 while the transactions occurred 2026-05-21/05-22; this appears to be later than the usual two-business-day reporting window for insider transactions.

Context

• These entries reflect equity compensation activity (vesting and new RSU grant), not an open-market purchase or sale by the insider. The conversion of RSUs into shares increases deliverable shares; the reported $0.00 disposition does not show proceeds and may reflect withholding or transfer activity, but the filing does not specify a sale. For retail investors, RSU vesting and grants signal routine compensation activity rather than direct market buying or selling.