McMahon Hugh F. IV 4

What Happened
Hugh F. McMahon IV, Executive Vice President — Real Estate at Tejon Ranch Co. (TRC), received a grant/award of 26,042 shares on 2026-03-24 valued at $18.90 each (total = $492,194). Simultaneously, 12,864 shares were surrendered/withheld at $18.90 each to satisfy tax liability (total = $243,130). Net shares retained from the award = 13,178 shares (26,042 granted − 12,864 withheld).

Key Details

• Transaction dates: 2026-03-24 (award and tax withholding)
• Prices: $18.90 per share for both the award (A) and the withholding (F)
• Gross value of award: $492,194; value of shares withheld for taxes: $243,130
• Net shares received: 13,178 shares after withholding
• Shares owned after the transaction: Not specified in the provided filing
• Filing date / report period: Form filed and reported for 2026-03-24 (no late-filing indication)

Context
This was an equity award (code A) with shares withheld to cover tax obligations (code F)—a common, administrative step that reduces the net shares delivered. The transaction represents an acquisition of equity (overall bullish signal in that new shares were granted), though a portion was surrendered for tax withholding rather than sold on the open market.