Tejon Ranch SVP Finance Robert Velasquez Receives Award; Withholds Shares

What Happened
Robert D. Velasquez, Senior Vice President Finance and Chief Accounting Officer of Tejon Ranch Co. (TRC), was granted 2,854 shares on 2026-07-28 at $18.47 per share (valued at $52,713). At the same time, 1,458 shares were surrendered/withheld at $18.47 per share to satisfy tax withholding obligations (value $26,929). The net result is a gain of 1,396 shares (about $25,784) to his holdings. This transaction reflects a compensation award/vesting event rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-28; Form filed 2026-07-28 (period of report 2026-07-28), accession 0001193125-26-321653.
• Grant (code A): 2,854 shares @ $18.47 = $52,713 (acquired).
• Tax withholding (code F): 1,458 shares @ $18.47 = $26,929 (disposed/withheld).
• Net increase: 1,396 shares (~$25,784).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnote: The F code indicates shares were withheld to cover tax liability related to the award (common for equity compensation). No late filing was indicated in the submission.

Context

• Code A indicates an award/grant (often from restricted stock or RSU vesting). Code F denotes shares used to satisfy tax withholding — effectively a cashless method to pay taxes on the award.
• This is a compensation-related issuance rather than an insider buying stock on the open market; purchases are generally viewed as stronger bullish signals than awards.
• No 10% owner, gift, or 10b5-1 plan was indicated in the provided details.