METCALFE NORMAN J 4

What Happened

• Norman J. Metcalfe, a director of Tejon Ranch Co. (TRC), received a grant/award of 1,245 shares on April 7, 2026. The reported per-share value was $18.84, for a total reported value of approximately $23,456. This transaction is an acquisition/award (transaction code A), not a sale.

Key Details

• Transaction date and price: April 7, 2026 — 1,245 shares at $18.84 per share.
• Reported value: approximately $23,456.
• Shares owned after transaction (per filing): Direct ownership — 18,620 shares (footnote F1); Indirect ownership — 72,251 shares held in the company’s Non‑Qualified Deferred Compensation Plan (footnote F2).
• Filing timeliness: The Form 4 was filed on April 7, 2026 (same day as the transaction), and no late filing is indicated.
• Transaction type: A = grant/award/other acquisition (not an open‑market purchase or sale).

Context

• Grants or awards to directors are commonly part of compensation practices and do not necessarily signal a personal market view; they increase the insider’s stake but differ from open‑market purchases. The indirect holdings reflect participation in a deferred compensation plan, which is not an immediate market transaction.