DANIEL K. BAILEY - 01 Mar 2024 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role
EVP Chief Banking Officer
Signature
/s/ Daniel Bailey by Janine Howard, Attorney-in-Fact
Issuer symbol
TCBK
Transactions as of
01 Mar 2024
Net transactions value
$0
Form type
4
Filing time
04 Mar 2024, 17:41:42 UTC
Previous filing
24 Oct 2023
Next filing
11 Apr 2024
SEC
View on sec.gov

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 Award $0 +4,219 +41% $0.000000 14,485 01 Mar 2024 Common Stock 4,219 Direct F1
transaction TCBK Restricted stock unit Award $0 +4,219 +46% $0.000000 13,443 01 Mar 2024 Common Stock 4,219 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 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.
F2 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 $35.67 (based on the 30-day average closing price of Issuers common stock ending 03/01/2024).