ACNB director granted 243 shares as compensation
Herring Todd L reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Herring Todd L reported acquisition or exercise transactions in this Form 4 filing.
ACNB CORP director Todd L. Herring, Vice Chairman of the Board, received 243.3198 shares of ACNB Corporation Common as a stock grant for board service, valued at $56.51 per share. After this compensation award, he directly holds 11,053.188 shares, with additional indirect holdings through his spouse and a trust.
Insider Trade Summary
Grant/Award: 243.3198 shares
Grant/Award
3 txns
Insider
Herring Todd L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 243.3198 | $56.51 | $14K |
| holding | ACNB Corporation Common | -- | -- | -- |
| holding | ACNB Corporation Common | -- | -- | -- |
Holdings After Transaction:
ACNB Corporation Common — 11,053.188 shares (Direct);
ACNB Corporation Common — 1,189.1199 shares (Indirect, Trust);
ACNB Corporation Common — 1,052 shares (Indirect, Spouse)
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
Director stock grant: 243.3198 shares
Grant value per share: $56.51 per share
Direct holdings after grant: 11,053.188 shares
+2 more
5 metrics
Director stock grant
243.3198 shares
Grant, award, or other acquisition on June 15, 2026
Grant value per share
$56.51 per share
Value used for the director stock compensation grant
Direct holdings after grant
11,053.188 shares
Total ACNB Corporation Common held directly after transaction
Spouse indirect holdings
1,052 shares
Indirect ownership reported under nature of ownership: Spouse
Trust indirect holdings
1,189.1199 shares
Indirect ownership reported under nature of ownership: Trust
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ACNB (ACNB) report for Todd L. Herring?
ACNB reported that director Todd L. Herring received 243.3198 shares of ACNB Corporation Common as a stock grant. The shares were issued as compensation for his service as a director under a director compensation plan, not as an open-market purchase.
What indirect ACNB (ACNB) holdings are associated with Todd L. Herring?
The Form 4 shows 1,052 shares held indirectly through his spouse and 1,189.1199 shares held indirectly through a trust. Both positions are reported as indirect ownership interests in ACNB Corporation Common linked to Herring.
Was Todd L. Herring’s ACNB (ACNB) transaction an open-market buy or a compensation award?
The transaction was a compensation award, not an open-market purchase. Footnotes explain the shares represent stock received for director service under a director compensation plan, and may include shares from automatic dividend reinvestment.
Does Todd L. Herring’s ACNB (ACNB) Form 4 involve stock options or derivatives?
No derivatives are reported in this Form 4. The derivativeSummary section is empty, and the disclosed activity relates only to non-derivative ACNB Corporation Common shares granted as compensation and existing indirect holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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