Gregory Gehlmann - 24 Feb 2022 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role
SVP - General Counsel
Signature
/s/ Gregory Gehlmann by Jason Cove, Attorney-In-Fact
Issuer symbol
TCBK
Transactions as of
24 Feb 2022
Transactions value $
$0
Form type
4
Filing time
28 Feb 2022, 17:17:45 UTC
Previous filing
26 Jul 2021
Next filing
01 Jun 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TCBK Restricted Stock Unit Award $0 +1,076 +25% $0 5,385 24 Feb 2022 Common Stock 1,076 Direct F1, F2
transaction TCBK Performance Stock Unit Other $0 0 0% $0* 4,996 27 May 2021 Common Stock Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of Restricted Stock Units (RSUs). 100% of the shares vest on 2/24/2023. Cash dividends on RSUs are reinvested in shares of Issuers common stock at fair market value on date of dividend payment. Per unit value on date of grant was $44.15 (based on the 30-day average closing price of Issuers common stock ending 2/23/2022)
F2 Represents adjustment of incorrect RSU awards granted 05/27/2021. Incorrect grant of 941 shares was reported on a Form 4 filed on 6/1/2021; whereas correct grant award was 1,744 RSUs. Cash dividends on RSUs are reinvested in shares of Issuers common stock at fair market value on date of dividend payment.
F3 Represents adjustment of incorrect PSU awards granted 05/27/2021. Incorrect grant of 941 PSUs was reported on a Form 4 filed 6/1/21; whereas correct grant award was 1,744 PSUs.