---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-024064"
form_type: "8-K"
ticker: "TRC"
cik: "0000096869"
company_name: "TEJON RANCH CO"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:42:42.350465+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tejon Ranch appoints Matthew Walker as President & CEO effective March 31, 2025

## Summary
- Walker will serve as COO from Mar 6–Mar 31, 2025, then become President & CEO, succeeding Gregory Bielli.
- Base salary set at $625,000, target annual bonus 125% of base, and long-term incentive at 200% of prorated base.
- Sign-on package totals $800,000: $300k cash, $300k RSUs, and $200k price-vested PSUs.
- Walker previously spent 24 years at Lowe Enterprises as EVP overseeing hospitality and resort community development.
- Bielli retires on Mar 31 but will remain on the board as a director and executive advisor.

## SEC filing metadata
- accession: 0001193125-25-024064
- form_type: 8-K
- ticker: TRC
- cik: 0000096869
- company_name: TEJON RANCH CO
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/d930665d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-024064
- JSON: https://secwatch.observer/filing/0001193125-25-024064.json
- Plain text: https://secwatch.observer/filing/0001193125-25-024064.txt

## Key facts
- Executive change
  Matthew H. Walker was appointed as Chief Operating Officer at TEJON RANCH CO.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: appointed Matthew H. Walker, age 54, to serve as Chief Operating Officer effective March 6, 2025 through March 31, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm
- Executive change
  Matthew H. Walker was appointed as President and Chief Executive Officer at TEJON RANCH CO.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: after which date Mr. Walker has been appointed and will begin serving as President and Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm
- Executive change
  Gregory S. Bielli retired as President and Chief Executive Officer at TEJON RANCH CO.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: the previously reported retirement of Gregory S. Bielli, who has served in this capacity with the Company since December 2013.
  evidence_url: https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.