Brett A. Brown - Mar 14, 2025 Form 4 Insider Report for TEJON RANCH CO (TRC)

Role: Executive Vice President / CFO
Signature: /s/ Brett A. Brown
Stock symbol: TRC
Transactions as of: Mar 14, 2025
Transactions value $: $48,703
Form type: 4
Date filed: 3/14/2025, 06:35 PM
Previous filing: Mar 13, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRC	Tejon Ranch Co. Common Stock	Award	$89.9K	+5.87K	+269.25%	$15.33	8.05K	Mar 14, 2025	Direct
transaction	TRC	Tejon Ranch Co. Common Stock	Tax liability	-$41.2K	-2.69K	-33.43%	$15.33	5.36K	Mar 14, 2025	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).