SMITH RICHARD P 4

4 · TRICO BANCSHARES / · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Trico Bancshares CEO Richard P. Smith Receives Awards; RSUs Vest

What Happened

Richard P. Smith, CEO, President and Director of Trico Bancshares (TCBK), received equity awards and had a prior RSU award vest. On 2026-03-27 he was granted two equity awards (9,969 units each): one time-vesting RSU grant and one performance-based PSU grant (target units). On 2026-03-30, 3,808 shares from a prior RSU award vested (33% vesting), and 2,233 of those vested shares were withheld to pay taxes, valued at $47.09 per share for a tax-withholding value of $105,152. Net delivered shares from the vesting were 1,575 (3,808 vested − 2,233 withheld).
The new grants were valued at $48.12 per unit on the grant date (30-day average ending 3/27/2026). At that per-unit value, each 9,969-unit grant is roughly $480k at target (combined target value roughly $960k), though PSUs pay out from 0%–150% of target depending on performance.

Key Details

Transaction dates: Grants on 2026-03-27; RSU vesting and tax withholding on 2026-03-30. Filing date: 2026-03-31 (timely).
Prices noted: Vesting price used for tax withholding = $47.09/share (3/30/2026). Grant per-unit value = $48.12 (30-day average).
Shares vested: 3,808 from a prior RSU award; shares withheld for taxes: 2,233 (F2), tax withholding proceeds reported as $105,152.
Grants: 9,969 RSUs that vest 33.33% per year over three years (F3); 9,969 PSUs that cliff-vest after three years at 0%–150% of target based on relative TSR (F4).
Shares owned after transaction: not specified in the filing.
Filing timeliness: filing appears timely (filed 2026-03-31).

Context

The 3,808-share entry reflects RSU vesting (conversion of restricted units into common shares). Withholding of 2,233 shares to cover tax liability is a routine, non-cashless method to satisfy withholding obligations and is common in RSU vesting events.
The PSU grant is performance-based and may pay out at a range (0%–150%) after a three-year performance period, so its eventual share count/value is uncertain.
These entries are awards and vesting events (not open-market purchases or discretionary sales); awards and withholding generally reflect compensation practices rather than an immediate bullish or bearish trade signal.

Form 4

Period: 2026-03-27

DirectorCEO & President

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-30+3,808→ 281,960 total
Tax Payment
Common Stock
[F2]
2026-03-30$47.09/sh−2,233$105,152→ 279,727 total
Award
Restricted Stock Unit
[F3]
2026-03-27+9,969→ 30,866 total
→ Common Stock (9,969 underlying)
Award
Performance Stock Unit
[F4]
2026-03-27+9,969→ 47,119 total
→ Common Stock (9,969 underlying)
Exercise/Conversion
Restricted Stock Unit
[F1]
2026-03-30−3,808→ 27,058 total
→ Common Stock (3,808 underlying)

Holdings

Footnotes (4)

[F1]33% vesting of Restricted Stock Unit award, including accumulated dividends, granted on 3/28/2025. Price per share on vesting date (3/30/2026) was $47.09.
[F2]Reflects shares withheld to pay toward tax liability.
[F3]Represents a grant of Restricted Stock Unit (RSU) award which vests in 33.33% per year over three 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 $48.12 (based on the 30-day average closing price of Issuers common stock ending 3/27/2026).
[F4]Represents a grant of Performance-based restricted stock (PSU) award that cliff vests after 3 years between 0%-150% of the target number of shares (the number of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.

Signature

/s/Richard Smith by Janine Howard, Attorney-in-Fact|2026-03-31

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