ACNB Corp (NASDAQ: ACNB) director retires, Form 4 lists 10,044 shares
Rhea-AI Filing Summary
ACNB CORP director Daniel W. Potts filed this Form 4 voluntarily to show his status at the time he retired from the board on May 5, 2026. The filing indicates he held 10,044.1174 shares of ACNB Corporation Common stock directly after the reported date.
The footnote explains that, because of his retirement, Potts is no longer a director and is no longer subject to Section 16 reporting requirements for ACNB. The filing does not report any new stock purchases, sales, or option exercises, only his direct share holdings as of the reported date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Potts Daniel W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | ACNB Corporation Common | -- | -- | -- |
Holdings After Transaction:
ACNB Corporation Common — 10,044.1174 shares (Direct)
Footnotes (1)
- F1. This Form 4 is filed voluntarily to report that the Reporting Person ceased to be a director of the Issuer due to retirement from the board of directors on May 5, 2026, and is therefore no longer subject to Section 16 reporting requirements with respect to the Issuer.
Key Figures
Direct holdings after filing: 10,044.1174 shares
Buy transactions in this filing: 0 shares
Sell transactions in this filing: 0 shares
+1 more
4 metrics
Direct holdings after filing
10,044.1174 shares
ACNB Corporation Common directly owned following reported date
Buy transactions in this filing
0 shares
transactionSummary buyShares
Sell transactions in this filing
0 shares
transactionSummary sellShares
Holding entries reported
1 entry
transactionSummary holdingEntries
Key Terms
Form 4, Section 16 reporting requirements, Reporting Person, board of directors
4 terms
Form 4 regulatory
"This Form 4 is filed voluntarily to report that the Reporting Person ceased to be a director"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Section 16 reporting requirements regulatory
"and is therefore no longer subject to Section 16 reporting requirements with respect to the Issuer"
Reporting Person regulatory
"This Form 4 is filed voluntarily to report that the Reporting Person ceased to be a director"
board of directors financial
"ceased to be a director of the Issuer due to retirement from the board of directors on May 5, 2026"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Daniel W. Potts’ Form 4 filing for ACNB (ACNB) report?
The Form 4 for Daniel W. Potts reports his direct ownership of 10,044.1174 ACNB Corporation Common shares. It is filed voluntarily to document his holdings in connection with his retirement from the board and does not disclose any new stock purchases or sales.
Why is Daniel W. Potts no longer subject to Section 16 reporting for ACNB (ACNB)?
Potts is no longer subject to Section 16 reporting requirements because he retired from ACNB’s board of directors on May 5, 2026. Once he ceased serving as a director, his ongoing obligation to file Section 16 ownership reports for ACNB ended.
Is Daniel W. Potts’ Form 4 for ACNB (ACNB) a required or voluntary filing?
The Form 4 is explicitly described as filed voluntarily. It is used to report that Potts retired from the ACNB board on May 5, 2026 and to show his share holdings as he exits Section 16 reporting coverage for the company.