ACNB Insider Filing: Director Compensation Results in Equity Grant

Rhea-AI Filing Summary

Eugene J. Draganosky, a director of ACNB Corporation (ACNB), reported acquiring 175.6636 shares of ACNB common stock as director compensation on 09/15/2025 (deemed executed 09/16/2025) at a price of $44.83 per share. After the reported transaction his beneficial ownership is listed as 12,934.133 shares. The filing notes the shares were received under a director compensation plan and that additional shares purchased via the company’s Dividend Reinvestment and Stock Purchase Plan are exempt from Section 16 reporting. The form was signed by a power of attorney on behalf of the reporting person on 09/17/2025.

Positive

• Director compensation was paid in equity, aligning management interests with shareholders
• Dividend reinvestment plan participation shows ongoing ownership accumulation without open-market trading

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received equity as part of standard compensation and used dividend reinvestment, indicating routine ownership maintenance.

The filing documents a routine equity grant to a director under the issuer’s director compensation plan rather than a discretionary open-market purchase or sale. The inclusion of shares from the Dividend Reinvestment and Stock Purchase Plan clarifies that some additional ownership changes are exempt from Section 16 reporting. There is no indication in the filing of unusual timing, large one-off sales, or departures that would raise governance concerns. Based solely on the disclosed items, this is a standard compensation-related ownership increase.

Securities Analyst

TL;DR: Transaction is a small, compensated equity grant and does not by itself provide material information about company performance.

The report shows an acquisition of 175.6636 shares at $44.83 as director compensation, bringing total beneficial ownership to 12,934.133 shares. Because the filing specifies compensation and dividend reinvestment as the sources, the transaction should be viewed as non-discretionary and administrative in nature. There are no additional metrics, sales, or derivative transactions disclosed that would materially affect valuation or liquidity analysis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Draganosky Eugene J.

(Last) (First) (Middle)

16 LINCOLN SQUARE

(Street)

GETTYSBURG PA 17325

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACNB CORP [ ACNB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
ACNB Corporation Common	09/15/2025	09/16/2025(1)	A		175.6636(2)	A	$44.83	12,934.133(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).

2. The shares represent stock received as compensation for service as a director pursuant to a director compensation plan.

3. 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.

Remarks:

	/s/ Kevin J. Hayes as POA for Eugene J. Draganosky	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did ACNB director Eugene J. Draganosky report on Form 4?

The Form 4 reports an acquisition of 175.6636 shares of ACNB common stock on 09/15/2025 (deemed executed 09/16/2025) at $44.83 per share.

Why were shares acquired by the reporting person?

The filing states the shares were received as compensation for service as a director under the company’s director compensation plan.

What is the reporting person’s total beneficial ownership after the transaction?

Following the reported transaction the filing lists beneficial ownership of 12,934.133 shares.

Were any shares acquired through dividend reinvestment?

Yes. The filing indicates some shares were purchased via the ACNB Dividend Reinvestment and Stock Purchase Plan, which are exempt from Section 16 reporting.

Who signed the Form 4 and when?

The Form 4 was signed by Kevin J. Hayes as power of attorney for Eugene J. Draganosky on 09/17/2025.