Colony Bankcorp (CBAN) Chief Banking Officer buys 500 shares at $16.425
Rhea-AI Filing Summary
Edward G. Canup, Chief Banking Officer of Colony Bankcorp Inc. (CBAN) reported a purchase of 500 shares of the company's common stock on 08/15/2025 at a price of $16.425 per share. After the transaction, Mr. Canup directly owned 16,766.63 shares (which the filing notes includes reinvested dividends and salary deferral) and indirectly held 6,765.79 shares through a 401(k) plan (which includes company match, reinvested dividends and salary deferral). The Form 4 was executed by an attorney-in-fact on 08/18/2025 and identifies Mr. Canup as both an officer (Chief Banking Officer) and a director. The filing contains no option or derivative activity.
Positive
- Insider purchase of 500 shares indicates additional personal ownership by an executive
- Clear disclosure of direct and indirect holdings including reinvested dividends and 401(k) match supports transparency
Negative
- None.
Insights
TL;DR: Insider purchased a small number of shares; ownership increases slightly, showing routine insider buying.
The 500-share purchase at $16.425 represents a modest insider buy relative to the reported post-transaction direct holding of 16,766.63 shares. The transaction is non-derivative and disclosed as a personal purchase rather than part of an option exercise or secondary sale. The filing also clarifies indirect holdings via a 401(k) totaling 6,765.79 shares, which is composed of routine compensation deferrals and company match. For investors, this is a routine disclosure of insider ownership change without material dilutive or corporate-finance implications.
TL;DR: Filing is a standard Section 16 disclosure reflecting compliance and routine insider accumulation.
The Form 4 properly identifies the reporting person, roles (officer and director), transaction date, price, and the mechanics of share accrual (dividend reinvestment and 401(k) activity). The signature by an attorney-in-fact is documented with a date. There are no red flags such as undisclosed derivative exercises, concurrent dispositions, or anomalous transaction codes. This disclosure meets fiduciary transparency expectations but does not, on its face, alter governance dynamics.