Garen Kirsten E 4
4 · TRICO BANCSHARES / · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
TCBK Director Garen Kirsten Converts RSUs to 2,178 Shares
What Happened
Garen Kirsten, a director of TRICO BANCSHARES (TCBK), had 2,178 restricted stock units (RSUs) vest and convert into 2,178 common shares on 2026-05-22 (valued at $50.68/share, roughly $110,381). In addition, Kirsten received a new RSU grant of 1,646 units on 2026-05-21 (per‑unit grant value $50.11, roughly $82,481). These are acquisitions via RSU vesting and grant (not open‑market purchases or sales).
Key Details
- Transaction dates: RSU grant on 2026-05-21; RSU vest/convert on 2026-05-22. Filing date: 2026-05-26.
- Vest conversion: 2,178 RSUs → 2,178 common shares at $50.68 per share (approx. $110,381 total).
- New grant: 1,646 RSUs granted, per‑unit value $50.11 (approx. $82,481); 100% vesting date 5/21/2027. Cash dividends on RSUs are reinvested into shares.
- The Form 4 shows a technical derivative disposition line related to the conversion (reported at $0.00); this does not indicate an open‑market sale of shares.
- Shares owned after the transactions are not specified in the provided excerpt.
- Filing timing: Form filed 2026-05-26 for transactions on 5/21 and 5/22; the 5/21 grant may have been reported one business day late.
Context
These entries reflect standard equity compensation activity: RSUs vesting and converting into common stock and a new RSU award with a one‑year vesting schedule. No open‑market sale or purchase by the insider is reported—this is compensation/vesting activity rather than a market trade.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-22+2,178→ 12,173.147 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-05-22−2,178→ 0 total→ Common Stock (2,178 underlying) - Award
Restricted Stock Unit
[F2]2026-05-21+1,646→ 1,646 total→ Common Stock (1,646 underlying)
Footnotes (2)
- [F1]Represents the conversion upon vesting of Restricted Stock Units, including accumulated dividends, into common stock on a one for one basis. RSUs were granted on 5/22/2025. Price per share on vesting date (5/22/2026) is $50.68.
- [F2]Represents a grant of Restricted Stock Unit (RSU) award. 100% of the shares vest on 5/21/27. Cash dividends on RSUs are reinvested in shares of Issuers common stock of the Issuer at fair market value on date of dividend payment. Per unit value on date of grant was $50.11 (based on the 30-day average closing price of Issuers common stock ending 5/21/26).