Gregory Gehlmann - Jun 12, 2023 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: Jun 12, 2023
Transactions value $: -$59,610
Form type: 4
Date filed: 6/13/2023, 06:20 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		+2.79K	+29.96%		12.1K	Jun 12, 2023	Direct	F1
transaction	TCBK	Common Stock	Tax liability	-$59.6K	-1.6K	-13.22%	$37.21	10.5K	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	-2.79K	-43.94%	$0.00	3.57K	Jun 12, 2023	Common Stock	2.79K		Direct	F1
transaction	TCBK	Restricted stock unit	Award	$0	+2.63K	+72.11%	$0.00	6.28K	Jun 12, 2023	Common Stock	2.63K		Direct	F4
transaction	TCBK	Performance Stock Unit	Award	$0	+2.63K	+73.77%	$0.00	6.2K	Jun 12, 2023	Common Stock	2.63K		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 2321 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 Performance-based restricted stock unit (PSU) award that cliff vests after 3 years between 0% and 150% of the target number of shares (the numbers of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.