CARNEY CRAIG B 4

What Happened
Craig B. Carney, EVP and Chief Credit Officer of TRICO Bancshares (TCBK), had performance stock units (PSUs) vest on June 25, 2026. The vesting converted to a total of 8,732 shares. To satisfy tax withholding, 2,675 shares were withheld/sold at $53.55 per share for proceeds of $143,246. The transaction is a compensation vesting event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 29, 2026 (filed within the normal 2-business-day window).
• Vesting: PSUs vested at 109.36% of target (per footnote), based on relative TSR vs. the KBW Regional Banking Index; original grant reported 6/12/2023.
• Shares issued/converted: 8,732 total (per conversion entries on the Form 4).
• Tax withholding: 2,675 shares were withheld/sold at $53.55 to cover tax liability, yielding $143,246 (footnote indicates shares withheld to pay tax).
• Transaction codes: M = exercise/conversion of derivative (PSU conversion); F = shares withheld for tax.
• Shares owned after transaction: not specified in the summary provided (check the full Form 4 for post-transaction beneficial ownership).

Context

• This was a PSU vesting and settlement event (compensation-related), not a discretionary open-market purchase or sale by the insider. Such withholding to cover taxes is routine and does not necessarily signal insider sentiment.
• The Form 4 shows conversion/settlement mechanics (derivative-to-share entries) and a separate withholding amount for taxes — review the original filing for details of how many shares were retained vs. delivered.