ACNB Corp (ACNB) director receives stock award under compensation plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACNB CORP director Eugene J. Draganosky received a stock award of 221.8871 shares of ACNB Corporation Common as compensation for board service. The grant, recorded at $46.4200 per share, increased his direct holdings to 13,312.9912 shares. Some of these shares were acquired through automatic dividend reinvestment under the company’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Draganosky Eugene J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 221.887 | $46.42 | $10K |
Holdings After Transaction:
ACNB Corporation Common — 13,312.991 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 did ACNB (ACNB) report in this Form 4 filing?
The filing reports a stock award to director Eugene J. Draganosky. He received 221.8871 shares of ACNB Corporation Common as compensation for serving on the board, increasing his directly held ownership to 13,312.9912 shares after the transaction.
What does transaction code "A" mean in the ACNB Form 4?
Transaction code "A" indicates a grant, award, or other acquisition of shares. In this case, it reflects stock received by director Eugene J. Draganosky as compensation for board service, rather than an open-market purchase of ACNB shares.
Were dividend reinvestments involved in Eugene J. Draganosky’s ACNB holdings?
Yes, part of his holdings comes from dividend reinvestment. A footnote states his reported amount includes shares purchased the same day through automatic dividend reinvestment under ACNB Corporation’s Dividend Reinvestment and Stock Purchase Plan.
Is this ACNB Form 4 transaction an open-market buy or compensation award?
This transaction is a compensation-related stock award, not an open-market buy. The shares were received pursuant to a director compensation plan, classified as a grant or award acquisition rather than a purchase on the public market.