Velasquez Robert D 4

What Happened
Robert D. Velasquez, Senior VP Finance and CAO of Tejon Ranch Co. (TRC), was granted 17,221 shares as an award on 2026-03-24 (code A) valued at $18.90 each ($325,477). On the same date 9,559 of those shares were disposed (code F) at $18.90 each to satisfy tax withholding or related obligations ($180,665). Net shares added to his holding from this transaction: 7,662 shares (approximate net value $144,812).

Key Details

• Transaction date: 2026-03-24; Price per share: $18.90 for both grant and withholding.
• Awarded: 17,221 shares (total value reported $325,477).
• Withheld/disposed for taxes: 9,559 shares (value reported $180,665).
• Net shares retained from the award: 7,662 shares (approx. $144,812).
• Filing: Form 4 filed the same day (2026-03-24); no late filing indicated.
• Codes: A = Award/Grant; F = Payment of exercise price or tax liability (tax withholding).
• Shares owned after the transaction: not specified in the filing.

Context
This was a stock award with a portion withheld to cover tax obligations — a common, administrative step that does not necessarily indicate buy/sell sentiment. For retail investors, awards increase insider exposure but the withheld shares are routine tax-related disposals.