Walker Matthew H. 4

What Happened
Matthew H. Walker, CEO and President of Tejon Ranch Co. (TRC), was granted 32,435 shares on March 31, 2026 at an effective price/value of $17.92 per share (total value $581,235). To satisfy tax withholding on the award, 13,509 shares were surrendered/withheld (reported as a disposition) at the same $17.92 per-share value (value $242,081). Net new shares retained by Walker from this transaction: 18,926 shares (net value ≈ $339,154).

Key Details

• Transaction date: March 31, 2026; filing date: March 31, 2026 (no lateness indicated).
• Award: 32,435 shares @ $17.92 = $581,235 (transaction code A = award/grant).
• Tax withholding: 13,509 shares withheld @ $17.92 = $242,081 (transaction code F = shares surrendered for tax obligations).
• Shares owned after transaction: not specified in the filing.
• Footnote/meaning: F indicates shares were withheld to cover taxes rather than an open-market sale.

Context
This was an equity award (acquisition of shares) with a portion withheld for tax obligations — a common administrative step when executives receive stock-based compensation. The filing does not indicate an open-market purchase or sale; the net effect is an issuance of shares to the insider after tax withholding.