ACNB (NASDAQ: ACNB) director granted 221.8871 shares in stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACNB CORP director Scott L. Kelley reported a stock award under a director compensation plan. On the reported date, he acquired 221.8871 shares of ACNB Corporation Common at $46.4200 per share as compensation for board service, including shares from automatic dividend reinvestment.
After this grant and related dividend reinvestment, Kelley directly holds a total of 27,999.6123 ACNB common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kelley Scott L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 221.887 | $46.42 | $10K |
Holdings After Transaction:
ACNB Corporation Common — 27,999.612 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 insider transaction did ACNB (ACNB) director Scott L. Kelley report?
Scott L. Kelley reported receiving a stock award of 221.8871 ACNB Corporation Common shares as director compensation. The award was recorded at $46.4200 per share and includes shares credited through automatic dividend reinvestment under ACNB’s Dividend Reinvestment and Stock Purchase Plan.
Was the ACNB (ACNB) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market purchase or sale. It reflects a grant or award acquisition of 221.8871 ACNB shares as compensation for serving as a director, along with dividend reinvestment, rather than an open-market buy or sell order.
What was the reported price for Scott L. Kelley’s ACNB (ACNB) stock award?
The reported price for the stock award was $46.4200 per share of ACNB Corporation Common. This price is used for reporting the value of the 221.8871 shares granted as director compensation and aligns with standard SEC disclosure for equity-based awards.
What do the footnotes in Scott L. Kelley’s ACNB (ACNB) Form 4 explain?
The footnotes explain that the date was determined under SEC Rule 16a-3 and that the reported shares are compensation for director service. They also clarify that some shares came from automatic dividend reinvestment under ACNB’s Dividend Reinvestment and Stock Purchase Plan.