RICHARD P. SMITH - 27 May 2021 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role
CEO & President, Director
Signature
/s/ Richard Smith by Jason Cove, Attorney-In-Fact
Issuer symbol
TCBK
Transactions as of
27 May 2021
Net transactions value
$0
Form type
4
Filing time
01 Jun 2021, 17:56:21 UTC
Previous filing
26 May 2021
Next filing
09 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCBK Common Stock Other $0 0 0% $0.000000* 206,593 27 May 2021 Direct F1
transaction TCBK Common Stock Other $0 0 0% $0.000000* 36,283 27 May 2021 By ESOP F1
transaction TCBK Common Stock Other $0 0 0% $0.000000* 240 27 May 2021 By Spouse F1
transaction TCBK Common Stock Other $0 0 0% $0.000000* 1,199,798 27 May 2021 By ESOP Trustee F4

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 +8,424 +39% $0.000000 29,902 27 May 2021 Common Stock 8,424 Direct F2
transaction TCBK Performance Stock Unit Award $0 +8,424 +34% $0.000000 32,920 27 May 2021 Common Stock 8,424 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No transactions occurred among these shares. Intended only to reflect number of shares beneficially owned.
F2 Restricted Stock Unit (RSU) award that vests 25% per year over four-years beginning May 27, 2021. Cash dividends on RSUs are reinvested in additional units at fair market value on the date of a dividend payment on Issuer common stock. Per share value of RSUs on date of grant was $46.52 (based on 30-day average closing price of Issuers common stock on May 21. 2021).
F3 Performance-based restricted stock unit (PSU) grant that cliff vests after 3 years between 0% and 150% of the target number of shares (the number of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.
F4 Reporting person is a trustee of the Issuers Employee Stock Ownership Plan. The reporting person has no security interest in, and disclaims beneficial ownership of the securities.