Tejon Ranch (TRC) CEO granted 32,435 shares, 13,509 withheld for taxes

Rhea-AI Filing Summary

Tejon Ranch Co. CEO and President Matthew H. Walker received a stock award of 32,435 shares of Tejon Ranch Co. Common Stock on March 31, 2026 at a reference value of $17.92 per share. As part of the same event, 13,509 shares were disposed of to satisfy tax obligations through a tax-withholding mechanism rather than an open-market sale. Following these transactions, Walker directly holds 18,926 shares of Tejon Ranch Co. Common Stock.

Insider Trade Summary 10b5-1

2 transactions reported

Mixed 2 txns

Insider Walker Matthew H.

Role CEO, President

Type	Security	Shares	Price	Value
Grant/Award	Tejon Ranch Co. Common Stock	32,435	$17.92	$581K
Tax Withholding	Tejon Ranch Co. Common Stock	13,509	$17.92	$242K

Holdings After Transaction: Tejon Ranch Co. Common Stock — 32,435 shares (Direct)

Footnotes (1)

Key Figures

Stock award: 32,435 shares Reference share price: $17.92 per share Shares withheld for taxes: 13,509 shares +1 more

4 metrics

Stock award 32,435 shares Grant of Tejon Ranch Co. Common Stock on March 31, 2026

Reference share price $17.92 per share Reported transaction price for the grant and tax withholding

Shares withheld for taxes 13,509 shares Tax-withholding disposition related to the stock award

Shares held after transactions 18,926 shares CEO’s direct holdings of Tejon Ranch Co. Common Stock after Form 4

Key Terms

Grant, award, or other acquisition, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: Payment of exercise price or tax liability by delivering securities"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walker Matthew H.

(Last) (First) (Middle)

P.O. BOX 542

(Street)

LEBEC CALIFORNIA 93243

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEJON RANCH CO [ TRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Tejon Ranch Co. Common Stock	03/31/2026		A		32,435	A	$17.92	32,435	D
Tejon Ranch Co. Common Stock	03/31/2026		F		13,509	D	$17.92	18,926	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Matthew H. Walker	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TRC CEO Matthew H. Walker report?

Matthew H. Walker reported a stock-based compensation event involving Tejon Ranch Co. Common Stock. He received a grant of 32,435 shares, with part of the award used to cover taxes, resulting in a smaller net increase in directly held shares.

How many Tejon Ranch (TRC) shares were granted to the CEO?

The CEO received a grant of 32,435 shares of Tejon Ranch Co. Common Stock at a reference value of $17.92 per share. This grant reflects equity-based compensation rather than an open-market purchase of shares.

Why did Matthew H. Walker dispose of some TRC shares in this filing?

The filing shows a tax-withholding disposition of 13,509 shares. These shares were withheld to satisfy tax liabilities associated with the stock award, meaning they were not sold on the open market but used to cover required taxes.

How many Tejon Ranch (TRC) shares does the CEO hold after the transactions?

After the award and related tax withholding, Matthew H. Walker directly holds 18,926 shares of Tejon Ranch Co. Common Stock. This figure reflects his direct ownership following completion of the reported non-derivative transactions.

Did the TRC CEO buy or sell shares on the open market in this Form 4?

No open-market buy or sell is reported. The Form 4 reflects a grant/award acquisition of shares and a tax-withholding disposition, where some shares were withheld to cover tax obligations instead of being traded in the market.