Mariani Martin 4

What Happened

• Mariani Martin, a director of TRICO BanCorp (TCBK), had 2,178 restricted stock units (RSUs convert/vest) on 2026-05-22 and received a new grant of 1,646 RSUs on 2026-05-21. The 2,178 vested RSUs converted to common stock at $50.68 per share (total value ≈ $110,381) and were listed as disposed at $0.00 (derivative entry). The new RSU grant was recorded with a per-unit value of $50.11 (total grant value ≈ $82,481) and vests 100% on 2027-05-21.
• These are equity award/vesting events rather than open-market purchases or sales. The zero-dollar disposition for the vested shares typically indicates net settlement/withholding (e.g., to satisfy tax withholding) rather than a market sale.

Key Details

• Transaction dates and prices:
  • 2026-05-22: Conversion/vesting of 2,178 RSUs into common stock at $50.68/share (≈ $110,381 total); disposed at $0.00 (derivative disposition).
  • 2026-05-21: Grant of 1,646 RSUs, per-unit value $50.11 (≈ $82,481 total); vests 5/21/2027.
• Shares owned after transaction: Not stated in the filing.
• Notable footnotes:
  • F1: The 2,178 conversion reflects vesting of RSUs (granted 5/22/2025) and includes accumulated dividends; converted one-for-one to common stock at $50.68 on 5/22/2026.
  • F2: The 1,646 RSUs are a new grant valued at $50.11 (30-day avg. through 5/21/26); dividends on RSUs are reinvested.
• Timeliness: Filing dated 2026-05-26 for transactions on 5/21–5/22; this appears to be a late Form 4 filing.

Context

• For retail investors: RSU vesting and new RSU grants are routine compensation events for directors/executives and do not necessarily signal a change in market sentiment. The disposition at $0.00 is commonly used to show shares withheld or net-settled to cover taxes rather than an open-market sale.