Bar Harbor SVP buys 99.962 shares at $40.08
Rhea-AI Filing Summary
BAR HARBOR BANKSHARES (BHB) reported that Senior Vice President Joseph Patrick Scully acquired 99.9620 shares of common stock on September 18, 2026, through participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan. Following this award, he holds 20,487.5100 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 99.962 shares
Grant/Award
1 txn
Insider
Scully Joseph Patrick
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 99.962 | $40.08 | $4K |
Holdings After Transaction:
Common Stock — 20,487.51 shares (Direct)
Footnotes (1)
- F1. These shares were acquired through the reporting person's participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan, in a transaction exempt under Rule 16b-3(d) under the Securities and Exchange Act of 1934, as amended.
Key Figures
Shares acquired: 99.9620 shares
Reported price per share: $40.0800 per share
Shares held after transaction: 20,487.5100 shares
3 metrics
Shares acquired
99.9620 shares
Grant or award acquisition on September 18, 2026
Reported price per share
$40.0800 per share
Attributed to the 99.9620 acquired shares
Shares held after transaction
20,487.5100 shares
Directly held by Joseph Patrick Scully after the acquisition
Key Terms
Dividend Reinvestment and Direct Stock Purchase and Sale Plan, Rule 16b-3(d), Securities and Exchange Act of 1934
3 terms
Dividend Reinvestment and Direct Stock Purchase and Sale Plan financial
"These shares were acquired through the reporting person's participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan"
Rule 16b-3(d) regulatory
"in a transaction exempt under Rule 16b-3(d) under the Securities and Exchange Act of 1934"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Securities and Exchange Act of 1934 regulatory
"exempt under Rule 16b-3(d) under the Securities and Exchange Act of 1934, as amended"
A U.S. federal law that set the rules for trading public securities, requiring companies and market participants to disclose regular financial information, keep trading records, and follow fair-dealing standards, and it created the government agency that enforces those rules. It matters to investors because these requirements act like a safety and transparency system—making company performance and trading behavior easier to verify and reducing the risk of fraud and unfair advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BHB report for Senior Vice President Joseph Patrick Scully?
He acquired 99.9620 shares of Bar Harbor Bankshares common stock on September 18, 2026, as a grant or award through the company’s Dividend Reinvestment and Direct Stock Purchase and Sale Plan, a transaction exempt under Rule 16b-3(d).
Was Scully’s BHB stock acquisition under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnote states the shares were acquired through the Dividend Reinvestment and Direct Stock Purchase and Sale Plan under an exemption in Rule 16b-3(d).
AI-generated analysis. How Rhea-AI works. Not financial advice.