ACNB director receives stock award as compensation
ACNB CORP director John M. Polli received additional company stock as part of his board compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 243.3198 | $56.51 | $14K |
Footnotes (3)
- F1. The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
- F2. The shares represent stock received as compensation for service as a director pursuant to a director compensation plan.
- F3. 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
Key Terms
Grant, award, or other acquisition financial
director compensation plan financial
Dividend Reinvestment and Stock Purchase Plan financial
Section 16 of the Securities Exchange Act of 1934 regulatory
FAQ
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What did ACNB (ACNB) director John M. Polli report on this Form 4?
Was the ACNB (ACNB) Form 4 transaction an open-market purchase or a compensation award?
AI-generated analysis. How Rhea-AI works. Not financial advice.