Michael W. Koehnen - 18 May 2023 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role: Director
Signature: /s/ Michael W Koehnen by Janine Howard, Attorney-in-fact
Issuer symbol: TCBK
Transactions as of: 18 May 2023
Net transactions value: $0
Form type: 4
Filing time: 19 May 2023, 17:56:57 UTC
Previous filing: 27 May 2022
Next filing: 01 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TCBK	Common Stock	Options Exercise		+1,866	+1.7%		108,974	19 May 2023	Direct	F1
transaction	TCBK	Common Stock	Other	$0	0	0%	$0.000000^*	2,300	19 May 2023	By spouse	F2
transaction	TCBK	Common Stock	Other	$0	0	0%	$0.000000^*	1,117,086	19 May 2023	ESOP Trustee	F2
transaction	TCBK	Common Stock	Other	$0	0	0%	$0.000000^*	4,400	19 May 2023	By mothers trust	F2
transaction	TCBK	Common Stock	Other	$0	0	0%	$0.000000^*	8,600	19 May 2023	Koehnen & Sons Profit Sharing	F2
transaction	TCBK	Common Stock	Other	$0	0	0%	$0.000000^*	97,715	19 May 2023	Koehnen & Sons	F2

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	Options Exercise	$0	-1,866	-100%	$0.000000^*	0	19 May 2023	Common Stock	1,866		Direct	F1
transaction	TCBK	Restricted stock unit	Options Exercise	$0	+2,119		$0.000000	2,119	18 May 2023	Common Stock	2,119		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion upon vesting of RSU into common stock on a one for one basis. RSU was granted on May 19, 2022. Price per share on vesting date (May 19, 2023) is $33.55.
F2	No transactions occurred amongst these shares. Intended only to reflect the number of shares beneficially owned.
F3	Represents the grant of Restricted Stock Units. 100% of shares vest on 5/18/2024. Cash dividends on RSU are reinvested in shares of common stock of the Issuer at fair market value on date of dividend payment. Per unit value on date of grant was $35.39 (based on the 30-day average closing price of Issuers common stock.