ACNB CORP (ACNB) SVP granted stock award; shares withheld for taxes
Rhea-AI Filing Summary
ACNB CORP reported that ACNB Bank SVP and Chief Risk Officer Andrew A. Bradley received a grant of 1,671.7794 shares of ACNB Corporation common stock at a value of $46.4200 per share as a variable equity award. One-third of this restricted stock vested on the grant date of March 13, 2026, with additional one-third portions scheduled to vest on January 1, 2027 and January 1, 2028. To cover tax liabilities on the portion that vested immediately, 192.1991 shares were withheld by the issuer, leaving Bradley with 2,695.5759 shares of common stock held directly after these transactions. The filing clarifies that the executive did not sell shares in the market; the disposition was solely for tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 1,671.7794 | $46.42 | $78K |
| Exercise Price or Tax Liability | ACNB Corporation Common | 192.1991 | $46.42 | $9K |
Footnotes (3)
- F1. The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
- F2. One-third (1/3) of this Variable Equity Award, granted in the form of restricted stock under the ACNB Bank Variable Compensation Plan and pursuant to the ACNB Corporation 2018 Omnibus Stock Incentive Plan, is 100% vested as of the Grant Date of March 13, 2026, with the next one-third (1/3) 100% vested as of January 1, 2027, and the final one-third (1/3) 100% vested as of January 1, 2028
- F3. The shares disposed were withheld by the Issuer and/or its subsidiary ACNB Bank for payment of the tax liability by withholding of securities, on the first one-third (1/3) vested as of the Grant Date of March 13, 2026, in accordance with SEC Rule 16b-1. For clarification, the executive did not sell the shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.