Robert D. Velasquez - Mar 13, 2024 Form 4 Insider Report for TEJON RANCH CO (TRC)

Role: SVP Finance/CFO
Signature: /s/ Robert D. Velasquez
Stock symbol: TRC
Transactions as of: Mar 13, 2024
Transactions value $: $25,462
Form type: 4
Date filed: 3/13/2024, 06:13 PM
Previous filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRC	Tejon Ranch Co. Common Stock	Award	$81.5K	+4.9K	+12.98%	$16.62	42.7K	Mar 13, 2024	Direct
transaction	TRC	Tejon Ranch Co. Common Stock	Tax liability	-$56K	-3.37K	-7.9%	$16.62	39.3K	Mar 13, 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).