Sundar PichaiSundar Pichai earned $164M in 2023

Richard P. Smith has been the CEO of Trico Bancshares (TCBK) since 2013 and has a solid background in finance. He graduated with a Bachelor's degree in finance from California State University, Chico. Under his leadership, Trico Bancshares has seen...

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Richard P. Smith

CEO of Trico Bancshares

Education

California State University, Sacramento

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1959 - 66 years ago

CEO of Trico Bancshares for

26 years 3 months (Jan 1999 - Present)

Previous Experience

Vice President and Chief Information Officer at Tri Counties Bank

Holdings

See how much did Richard P. Smith make over time.

Richard P. Smith's insider trading data shows him very active in managing his holdings. In 2019, the value of his shares peaked at $10.62 million in December. Throughout 2020, his holdings fluctuated, generally staying around $7 million to $10 million...

Total Stock Sold

$855.30K

TCBK

$855.30K

30,000 TCBK shares

What if they kept their stock?

If Richard P. Smith didn't sell their stock, today they would have:
Extra TCBK30,000 shares worth $904.50K.
This is 5.75% and $49.20K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Richard P. Smith.

TCBK

$853.20K

TCBK at $28.44/share

Aug 21, 2020

Sale

TCBK

10,592 shares

TCBK

May 19, 2016

Received

TCBK

5,566 shares

TCBK

May 7, 2015

Received

TCBK

5,010 shares

TCBK

Aug 11, 2014

Received

TCBK

5,010 shares

TCBK

Aug 11, 2014

Received

Compensation History

See how much did Richard P. Smith make over time.

Richard P. Smith's compensation reflects his performance-driven leadership style at Trico Bancshares. In 2022, he earned a total of $3.24 million, including a base salary of $934,615 and a bonus of $1.365 million. The bonus was 140% of his base salary, earned through the achievement of specific company goals like asset growth and loan quality. Over the years, his total compensation has varied significantly; for instance, it was $4.69 million in 2019, which was one of the higher earning years for him. His compensation package has not only included cash but also various benefits, signaling a structure that ties his pay closely to the company’s success. This strategy encourages long-term thinking and aligns his interests with those of the shareholders.

Year

2022

Total Compensation

$2.36M

Salary

$934.62K

Board Justification

TriCo's compensation philosophy is designed to align executive compensation with the company's performance and to attract and retain qualified executives, focusing on both short-term and long-term incentives.

Bonus

$1.37M

Board Justification

Mr. Smith received a bonus of 140% of his base salary based on the company's performance in 2022, which included metrics such as asset growth, loan quality, and net interest income.

Other

$61.81K

Board Justification

Other compensation includes benefits such as a car allowance, life insurance, and contributions to the employee stock ownership plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were included in the total compensation as the focus is on cash compensation and bonuses for 2022.

Performance Metrics

The performance metrics for determining Mr. Smith's compensation included financial performance indicators such as earnings, asset growth, and loan quality.