ACNB (ACNB) CFO granted restricted stock with tax withholding detail
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACNB CORP executive Jason H. Weber, EVP, Treasurer & CFO, reported a restricted stock award and related tax withholding. He received a grant of 3,441.9647 shares of ACNB Corporation Common at $46.42 per share, increasing his direct holdings to 11,536.3239 shares as of the initial entry.
One-third of this variable equity award is fully vested as of the grant date of March 13, 2026, with additional one-third portions vesting on January 1, 2027 and January 1, 2028. A separate entry shows 329.7404 shares withheld by ACNB to cover tax liabilities on the vested portion, leaving 11,206.5835 shares directly owned; these withheld shares were not sold on the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Weber Jason H
Role
EVP, Treasurer & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 3,441.965 | $46.42 | $160K |
| Tax Withholding | ACNB Corporation Common | 329.74 | $46.42 | $15K |
Holdings After Transaction:
ACNB Corporation Common — 11,536.324 shares (Direct)
Footnotes (1)
- The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4). One-third (1/3) of this Variable Equity Award, granted in the form of restricted stock under the ACNB Bank Variable Compensation Plan and pursuant to the ACNB Corporation 2018 Omnibus Stock Incentive Plan, is 100% vested as of the Grant Date of March 13, 2026, with the next one-third (1/3) 100% vested as of January 1, 2027, and the final one-third (1/3) 100% vested as of January 1, 2028. The shares disposed were withheld by the Issuer and/or its subsidiary ACNB Bank for payment of the tax liability by withholding of securities, on the first one-third (1/3) vested as of the Grant Date of March 13, 2026, in accordance with SEC Rule 16b-1. For clarification, the executive did not sell the shares.
FAQ
What insider transaction did ACNB (ACNB) CFO Jason Weber report?
ACNB’s CFO, Jason H. Weber, reported a grant of 3,441.9647 shares of ACNB Corporation Common as a restricted stock award. A portion immediately vested, and some shares were withheld by the company to cover tax liabilities rather than being sold on the market.
What is the vesting schedule for the ACNB CFO’s restricted stock award?
One-third of the variable equity award vested fully on March 13, 2026, the grant date. The next one-third is scheduled to vest on January 1, 2027, and the final one-third on January 1, 2028, creating a multi-year incentive structure for the executive.