ACNB CORP (ACNB) director granted stock compensation shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seibel Donald Arthur Jr reported acquisition or exercise transactions in this Form 4 filing.
ACNB CORP director Donald Arthur Seibel Jr. reported receiving 296.2085 shares of ACNB Corporation Common on March 13 as a stock award. The shares were valued at $46.42 each and were granted as compensation for his service as a director under a director compensation plan.
After this grant, Seibel directly holds 6,464.912 shares. He also has indirect ownership of 12,712.658 shares held through a trust, giving him both direct and trust-based exposure to ACNB CORP stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Seibel Donald Arthur Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 296.209 | $46.42 | $14K |
| holding | ACNB Corporation Common | -- | -- | -- |
Holdings After Transaction:
ACNB Corporation Common — 6,464.912 shares (Direct);
ACNB Corporation Common — 12,712.658 shares (Indirect, Trust)
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) disclose for Donald Arthur Seibel Jr.?
ACNB CORP disclosed that director Donald Arthur Seibel Jr. received 296.2085 shares of ACNB Corporation Common on March 13 as a stock award. The grant was compensation for board service, not an open-market stock purchase or sale.
Was the ACNB director’s Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not a purchase. The 296.2085 shares were received as stock-based compensation for serving as a director under ACNB’s director compensation plan, rather than being bought in the open market by the director.