Tejon Ranch (TRC) Director Andrew Dakos Receives 918-Share Award

What Happened
Andrew Dakos, a director of Tejon Ranch Co. (TRC), was granted 918 shares on July 14, 2026. The shares were recorded at $18.70 each, for a total value of $17,167. This transaction is an award/grant (transaction code A) and represents an acquisition of shares rather than a sale.

Key Details

• Transaction date: July 14, 2026; Form 4 filed July 15, 2026 (appears timely).
• Price per share: $18.70; Total value: $17,167 for 918 shares.
• Transaction type/code: Award/Grant (A) — an acquisition of shares as compensation or award.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Mr. Dakos disclaims beneficial ownership of 25,000 Common TRC shares, except to the extent of any pecuniary interest; beneficial ownership referenced via a limited partnership (per footnote F1).

Context
Awards to directors are common as part of board compensation and do not necessarily signal a change in personal conviction. This filing documents the grant itself (an acquisition), not a sale or option exercise.