Betts Steven A. 4

What Happened
Steven A. Betts, a director of Tejon Ranch Co. (TRC), received an award/acquisition of 1,312 shares on April 7, 2026. The shares were valued at $18.84 each, for a total reported value of $24,718. This was an award/grant (transaction code A), i.e., compensation-related, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-07
• Transaction type: Award/Grant (code A) — 1,312 shares acquired at $18.84 per share ($24,718 total)
• Shares owned after transaction (per filing footnotes): 49,393 direct; 1,305 indirect (held in the Non-Qualified Deferred Compensation Plan Trust) — total disclosed beneficial ownership 50,698 shares
• Footnotes: F1 = direct ownership of 49,393 shares; F2 = indirect ownership of 1,305 shares in NQDC trust
• Filing timeliness: Reported for the same date (timely); no late filing indicated

Context
This transaction reflects a compensation/award to a director rather than a market buy or sale. Such grants are commonly part of director compensation packages and do not necessarily signal insider views on near-term stock performance.