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

Role
SVP - General Counsel
Signature
/s/ Gregory Gehlmann by Jason Cove, Attorney-In-Fact
Stock symbol
TCBK
Transactions as of
Feb 24, 2022
Transactions value $
$0
Form type
4
Date filed
2/28/2022, 05:17 PM
Previous filing
Jul 26, 2021
Next filing
Jun 1, 2022

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 +1.08K +24.97% $0.00 5.39K Feb 24, 2022 Common Stock 1.08K Direct F1, F2
transaction TCBK Performance Stock Unit Other $0 0 0% $0.00* 5K May 27, 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.