In 2022, Richard P. Smith earned $2.36M in total compensation at Trico Bancshares, including $934.62K salary and $1.37M bonus. Most recently sold 30,000 shares in Aug 2020. Currently holds stock worth $77.20M. Has led Trico Bancshares for over 26 years.
Compensation History
Annual executive compensation data for Richard P. Smith, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$2.36M
Salary
$934.62K
Bonus
$1.37M
Other
$61.81K
Salary
$934.62KBoard 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
$1.37MBoard 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 Compensation
$61.81KBoard Justification
Other compensation includes benefits such as a car allowance, life insurance, and contributions to the employee stock ownership plan.
Restricted Stock
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.
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 11 months (Jan 1999 - Present)
Previous Experience
Vice President and Chief Information Officer at Tri Counties Bank
Holdings
Track Richard P. Smith's stock holdings and portfolio value over time.
Total Stock Sold
$855.30K
$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 $1.43M.
This is 67.73% and $579.30K more than what they got when they sold the stock.
Insider Trading
Richard P. Smith's recent stock transactions, purchases, and sales filed with the SEC.
$853.20K
TCBK at $28.44/share
Aug 21, 2020
Sale
10,592 shares
TCBK
May 19, 2016
Received
5,566 shares
TCBK
May 7, 2015
Received
5,010 shares
TCBK
Aug 11, 2014
Received
5,010 shares
TCBK
Aug 11, 2014
Received
Rivals
Compare Richard P. Smith with competitor CEOs and industry peers.
Christopher J. McComish
CEO of S&T Bancorp
2023 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$70.00K
Other
$20.00K
Total Holdings
$200.99K
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
Jeffrey M. Schweitzer
CEO of Univest Financial Corporation
2022 Compensation
Stock
$0.00
Salary
$806.00K
Bonus
$250.57K
Other
$26.25K
Total Holdings
$127.87K