ACNB (ACNB) board chair receives 296.2085-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stock Alan J reported acquisition or exercise transactions in this Form 4 filing.
ACNB CORP director and Chairman of the Board Alan J. Stock received a grant of 296.2085 shares of ACNB Corporation Common on March 13, 2026. The shares were awarded as compensation for his service as a director under a director compensation plan, rather than through an open-market purchase.
After this stock award and related dividend reinvestment activity, his direct holdings increased to a total of 87,917.3314 shares of ACNB Corporation Common. Some shares in this total were purchased automatically through the company’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stock Alan J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 296.209 | $46.42 | $14K |
Holdings After Transaction:
ACNB Corporation Common — 87,917.331 shares (Direct)
Footnotes (1)
- The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4). The shares represent stock received as compensation for service as a director pursuant to a director compensation plan. This amount includes shares of common stock purchased for the same transaction date through the automatic reinvestment of dividends under the ACNB Corporation Dividend Reinvestment and Stock Purchase Plan, which are exempt from the reporting requirements of Section 16 of the Securities Exchange Act of 1934.
FAQ
What insider transaction did ACNB (ACNB) report for Alan J. Stock?
ACNB reported that director and Board Chairman Alan J. Stock received a grant of 296.2085 shares of ACNB Corporation Common. This award was issued as stock compensation for his service as a director under the company’s director compensation plan, not via an open-market purchase.
Was the ACNB Form 4 transaction a stock purchase or compensation grant?
The ACNB Form 4 shows a compensation grant, not an open-market stock purchase. The transaction code “A” and footnotes explain the 296.2085 shares were received as director compensation under a director compensation plan, reflecting an equity award related to board service.
What does the footnote about ACNB’s Dividend Reinvestment Plan mean for this filing?
A footnote explains that the reported holding total includes shares bought automatically through ACNB’s Dividend Reinvestment and Stock Purchase Plan on the same date. These reinvestment purchases are exempt from Section 16 reporting, but their shares are still counted in Alan J. Stock’s aggregate ownership figure.
What is the significance of the transaction code "A" in ACNB’s Form 4?
The transaction code “A” on ACNB’s Form 4 indicates a grant, award, or other acquisition of shares. Here, it denotes that Alan J. Stock received ACNB Corporation Common stock as director compensation, distinguishing this event from a discretionary buy or sell in the open market.