ACNB (ACNB) director John M. Polli granted additional shares in stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACNB CORP director John M. Polli received additional company stock as part of his board compensation. On this Form 4, he was granted 243.3198 shares of ACNB Corporation Common at a reference price of $56.51 per share as a stock award, not an open-market purchase.
After this grant and related dividend reinvestment activity, his direct holdings increased to a reported total of 36,123.7134 shares. The filing notes that the shares were received under a director compensation plan and that some shares were also acquired automatically through ACNB Corporation’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Polli John M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 243.32 | $56.51 | $14K |
Holdings After Transaction:
ACNB Corporation Common — 36,123.713 shares (Direct, null)
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.
Key Figures
Shares granted: 243.3198 shares
Grant price: $56.51 per share
Total holdings after grant: 36,123.7134 shares
3 metrics
Shares granted
243.3198 shares
Stock award for service as a director
Grant price
$56.51 per share
Reference price for ACNB Corporation Common
Total holdings after grant
36,123.7134 shares
Direct ownership following reported transactions
Key Terms
Grant, award, or other acquisition, director compensation plan, Dividend Reinvestment and Stock Purchase Plan, Section 16 of the Securities Exchange Act of 1934
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
director compensation plan financial
"stock received as compensation for service as a director pursuant to a director compensation plan"
Dividend Reinvestment and Stock Purchase Plan financial
"automatic reinvestment of dividends under the ACNB Corporation Dividend Reinvestment and Stock Purchase Plan"
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
Section 16 of the Securities Exchange Act of 1934 regulatory
"exempt from the reporting requirements of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What did ACNB (ACNB) director John M. Polli report on this Form 4?
Director John M. Polli reported receiving ACNB Corporation Common shares as compensation. The filing shows a stock award rather than an open-market trade, documenting routine director compensation and updating his total direct share holdings with the company.
Was the ACNB (ACNB) Form 4 transaction an open-market purchase or a compensation award?
The Form 4 transaction was a compensation-related stock award, not an open-market purchase. The filing specifies that the shares were received for service as a director under a director compensation plan, reflecting routine equity compensation practices.