Gregory Gehlmann - Oct 21, 2022 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role
SVP General Counsel
Signature
/s/ Gregory Gehlmann by Janine Howard, Attorney-in-Fact
Stock symbol
TCBK
Transactions as of
Oct 21, 2022
Transactions value $
$0
Form type
4
Date filed
10/25/2022, 06:38 PM
Previous filing
Jul 14, 2022
Next filing
Feb 28, 2023

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 +1.82K +46.18% $0.00 5.76K Oct 21, 2022 Common stock 1.82K Direct F1
transaction TCBK Performance stock unit Award $0 +1.82K +44.8% $0.00 5.89K Oct 21, 2022 Common stock 1.82K Direct F2
* 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 Unit (RSU) award that vests 33.3% per year over three years. 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 $46.69 (based on the 30-day average closing price of Issuers common stock ending 10/07/2022).
F2 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.