TRICO (TCBK) EVP Craig B. Carney Receives RSU Vesting

What Happened Craig B. Carney, EVP and Chief Credit Officer of TRICO Bancshares (TCBK), had 33% of a Restricted Stock Unit (RSU) award vest on June 12, 2026. The vesting resulted in 2,433 underlying shares at the vesting price of $52.64 per share (total value ≈ $128,073). Of those, 899 shares were withheld to satisfy tax withholding (worth $47,323), and 1,534 shares were issued to Carney (net value ≈ $80,750). This transaction is an award/vesting event rather than an open‑market purchase or proactive sale.

Key Details

• Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-15). Filing appears timely.
• Vesting price per share: $52.64 (price on vesting date).
• Shares vested: 2,433 total; 899 shares withheld for taxes (F) and 1,534 shares issued/received (M).
• Tax withholding value: 899 × $52.64 ≈ $47,323; net shares value: 1,534 × $52.64 ≈ $80,750; total vested value ≈ $128,073.
• Footnotes: F1 = 33% vesting of RSU award (granted 6/12/2023) including accumulated dividends; F2 = shares withheld to pay tax liability.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• This filing documents RSU vesting (conversion of a derivative award into common shares). The withholding of shares to cover taxes is routine and reported as a disposition (code F) even though it arises from the award.
• Such vesting events are not the same as open‑market buys or intentional sales and do not, by themselves, indicate insider sentiment about the stock price.