John Fleshood - Jun 12, 2023 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role: EVP Chief Operating Officer
Signature: /s/ John Fleshood by Janine Howard, Attorney-in-Fact
Stock symbol: TCBK
Transactions as of: Jun 12, 2023
Transactions value $: -$129,268
Form type: 4
Date filed: 6/13/2023, 06:07 PM
Previous filing: Jun 6, 2023
Next filing: Jun 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TCBK	Common Stock	Options Exercise		+6.9K	+24.12%		35.5K	Jun 12, 2023	Direct	F1
transaction	TCBK	Common Stock	Tax liability	-$129K	-3.47K	-9.78%	$37.21	32K	Jun 12, 2023	Direct	F2
transaction	TCBK	Common Stock	Other	$0	0	0%	$0.00^*	1.59K	Jun 12, 2023	By ESOP	F3

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	Performance Stock Unit	Options Exercise	$0	-6.9K	-47.45%	$0.00	7.64K	Jun 12, 2023	Common Stock	6.9K		Direct	F1
transaction	TCBK	Restricted stock unit	Award	$0	+5.38K	+66.1%	$0.00	13.5K	Jun 12, 2023	Common Stock	5.38K		Direct	F4
transaction	TCBK	Performance Stock Unit	Award	$0	+5.38K	+70.37%	$0.00	13K	Jun 12, 2023	Common Stock	5.38K		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Vesting of performance-based stock unit (PSU). Each PSU represented the right to receive 0%-150% of the target number based on the Issuers total stockholder return relative to the KBW Regional Banking Index (based on an initial grant of 5732 PSUs which was reported in the original Form 4 for this grant). PSUs vested at 120.4%.
F2	Reflects shares withheld to pay tax liability.
F3	No transactions occurred amongst these shares. Intended only to reflect the number of shares beneficially owned.
F4	Represents a grant of Restricted Stock Unit (RSU) award which vests 33.3% per year over 3 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 $33.74 (based on the 30-day average closing price of Issuers common stock ending 06/12/2023).
F5	Represents a grant of Restricted Stock Unit (RSU) award which vests 33.3% per year over 3 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 $33.74 (based on the 30-day average closing price of Issuers common stock ending 06/12/2023).