Tejon Ranch (TRC) director receives 1,245-share equity grant via deferred plan

Rhea-AI Filing Summary

Tejon Ranch Co. director Norman J. Metcalfe reported a compensation-related share award. He acquired 1,245 shares of Tejon Ranch Co. Common Stock at $18.84 per share on an indirect basis through the Tejon Ranch Co. Non-Qualified Deferred Compensation Plan Trust.

Following this grant, he indirectly holds 90,871 shares in the plan trust and also directly owns 18,620 shares, indicating this was a routine equity compensation award rather than an open-market purchase.

Insider Trade Summary 10b5-1

1 transaction reported

Mixed 1 txn

Insider METCALFE NORMAN J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Tejon Ranch Co. Common Stock	1,245	$18.84	$23K

Holdings After Transaction: Tejon Ranch Co. Common Stock — 90,871 shares (Indirect, Tejon Ranch Co. Non-Qualified Deferred Compensation Plan Trust)

Footnotes (1)

1. Direct ownership of 18,620 shares Indirect Ownership of 72,251 shares in the Non-Qualified Deferred Compensation Plan

Key Figures

Share award: 1,245 shares Award price: $18.84 per share Indirect holdings after award: 90,871 shares +1 more

4 metrics

Share award 1,245 shares Equity grant to director Metcalfe

Award price $18.84 per share Price used for granted TRC common stock

Indirect holdings after award 90,871 shares Held in Non-Qualified Deferred Compensation Plan Trust

Direct holdings 18,620 shares Direct ownership noted in footnote

Key Terms

Non-Qualified Deferred Compensation Plan Trust, grant/award acquisition, indirect ownership, Form 4

4 terms

Non-Qualified Deferred Compensation Plan Trust financial

"Indirect Ownership of 72,251 shares in the Non-Qualified Deferred Compensation Plan"

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

indirect ownership financial

"Indirect Ownership of 72,251 shares in the Non-Qualified Deferred Compensation Plan"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

METCALFE NORMAN J

(Last) (First) (Middle)

2007 BAYADERE TERRACE

(Street)

CORONA DEL MAR CALIFORNIA 92625

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

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	04/07/2026		A		1,245	A	$18.84	90,871(1)(2)	I	Tejon Ranch Co. Non-Qualified Deferred Compensation Plan Trust

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:

1. Direct ownership of 18,620 shares

2. Indirect Ownership of 72,251 shares in the Non-Qualified Deferred Compensation Plan

	/s/ Norman Metcalfe	04/07/2026
	** 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 Tejon Ranch Co. (TRC) report for Norman J. Metcalfe?

Tejon Ranch Co. reported that director Norman J. Metcalfe received a grant of 1,245 shares of common stock. The shares were awarded at $18.84 each as part of compensation, not an open-market purchase, and were placed in a company deferred compensation plan trust.

Was the Tejon Ranch Co. (TRC) Form 4 transaction a market buy or a share award?

The Form 4 shows a share award, not a market buy. Code "A" denotes a grant or other acquisition, so Metcalfe’s 1,245 shares were issued as equity compensation through a deferred compensation plan rather than purchased on the open market.

How many Tejon Ranch Co. (TRC) shares does Norman J. Metcalfe hold after this filing?

After the reported grant, Metcalfe indirectly holds 90,871 Tejon Ranch shares in the Non-Qualified Deferred Compensation Plan Trust. A footnote states he also directly owns 18,620 shares, giving a clearer picture of his overall equity exposure to the company.

What is the role of the Non-Qualified Deferred Compensation Plan Trust in TRC’s Form 4?

The Non-Qualified Deferred Compensation Plan Trust holds shares for Metcalfe’s benefit as indirect ownership. The 1,245 awarded shares were credited to this trust, which now holds 90,871 shares, reflecting compensation deferred into company stock rather than cash.

Does the Tejon Ranch Co. (TRC) Form 4 indicate any insider selling activity?

The Form 4 does not report any insider selling. It lists a single transaction coded "A" for acquisition via a grant of 1,245 shares, increasing Metcalfe’s indirect holdings in the company without any corresponding disposition of shares.