Gregory Gehlmann - Mar 1, 2024 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
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 06:10 PM
Previous filing
Oct 24, 2023
Next filing
Apr 11, 2024

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 +2.54K +40.95% $0.00 8.73K Mar 1, 2024 Common Stock 2.54K Direct F1
transaction TCBK Restricted stock unit Award $0 +2.54K +45.79% $0.00 8.08K Mar 1, 2024 Common Stock 2.54K 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).