Michael H. Winer - Jan 15, 2024 Form 4 Insider Report for TEJON RANCH CO (TRC)

Role: Director
Signature: /s/Michael H. Winer
Stock symbol: TRC
Transactions as of: Jan 15, 2024
Transactions value $: $15,549
Form type: 4
Date filed: 1/16/2024, 04:32 PM
Previous filing: Oct 12, 2023
Next filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRC	Tejon Ranch Co. Common Stock	Award	$15.5K	+904	+3.75%	$17.20	25K	Jan 15, 2024	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).