Gehlmann Gregory A 4

What Happened

• Gregory A. Gehlmann, SVP and General Counsel of TRICO Bancshares (TCBK), had 967 restricted stock units (RSUs) vest on June 12, 2026 (33% tranche of a 6/12/2023 award). The per-share price on the vesting date was $52.64, making the gross value of the vested RSUs about $50,903.
• To cover tax withholding, 567 of the vested shares were surrendered/withheld at $52.64 per share for a reported value of $29,847, leaving Gehlmann with a net 400 shares (400 × $52.64 ≈ $21,056). This was a vesting/award event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-12; Form 4 filed 2026-06-15 (timely filing).
• Instrument and codes: M = conversion/exercise of a derivative (RSU vesting); F = shares withheld to pay tax liability.
• Shares vested: 967 RSUs converted to common shares at $52.64 per share (vest value ≈ $50,903).
• Shares withheld for taxes: 567 shares at $52.64, value reported $29,847 (footnote: withheld to satisfy tax liability).
• Net shares received: 400 shares (967 vested − 567 withheld) valued at ~ $21,056 on the vesting date.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 confirms 33% vesting of a 6/12/2023 RSU grant including accumulated dividends; F2 explains shares were withheld for taxes.

Context

• This was a routine equity compensation vesting (RSU conversion) rather than an open-market buy or sale; withheld shares were used to meet tax obligations (cashless withholding). Such events reflect compensation and do not necessarily indicate insider buying or selling intent.