ECB Bancorp CFO buys 40 common shares
ECB Bancorp, Inc. CFO Brandon Lavertu reported small open-market purchases of company stock.
Rhea-AI Filing Summary
ECB Bancorp, Inc. CFO Brandon Lavertu reported small open-market purchases of company stock. On April 30, 2026, he bought a total of 40 shares of Common Stock in four open-market trades at prices between $17.85 and $17.92 per share. After these transactions, he directly holds 32,423 Common shares.
He also has indirect ownership of 3,334 shares by ESOP, 15,000 shares by spouse, 15,517 shares by Roth IRA, and 47,005 shares by IRA. In addition, he holds stock options over 74,888 shares with a $10.12 exercise price expiring on October 31, 2033, which vest at 20% per year starting October 31, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
9 txns
Insider
Lavertu Brandon
Role
CFO
Bought
40 shs ($715.60)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 10 | $17.85 | $178.50 |
| Purchase | Common Stock | 10 | $17.88 | $178.80 |
| Purchase | Common Stock | 10 | $17.91 | $179.10 |
| Purchase | Common Stock | 10 | $17.92 | $179.20 |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,423 shares (Direct);
Stock Options — 74,888 contracts (Direct);
Common Stock — 47,005 shares (Indirect, By IRA);
Common Stock — 15,517 shares (Indirect, By Roth IRA);
Common Stock — 15,000 shares (Indirect, By Spouse);
Common Stock — 3,334 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on October 31, 2024.
- F2. Stock options vest at a rate of 20% per year commencing on October 31, 2024.
Key Figures
Shares bought: 40 shares
Purchase prices: $17.85–$17.92 per share
Direct common shares after: 32,423 shares
+5 more
8 metrics
Shares bought
40 shares
Open-market purchases on April 30, 2026
Purchase prices
$17.85–$17.92 per share
Four trades of 10 shares each
Direct common shares after
32,423 shares
Direct ownership following April 30, 2026 trades
Indirect ESOP holdings
3,334 shares
Common Stock held indirectly by ESOP
Indirect spouse holdings
15,000 shares
Common Stock held indirectly by spouse
Stock options underlying shares
74,888 shares
Options over Common Stock, direct ownership
Option exercise price
$10.12 per share
Stock options expiring October 31, 2033
Option vesting schedule
20% per year
Commencing on October 31, 2024
Key Terms
ESOP, restricted stock, Stock options, Roth IRA, +1 more
5 terms
ESOP financial
"nature_of_ownership": "By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock options financial
"Stock options vest at a rate of 20% per year commencing on October 31, 2024."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Roth IRA financial
"nature_of_ownership": "By Roth IRA"
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
IRA financial
"nature_of_ownership": "By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ECBK CFO Brandon Lavertu report in this Form 4 filing?
He reported small open-market purchases of ECB Bancorp common stock. On April 30, 2026, he bought 40 shares in four trades and updated his direct and indirect shareholdings and option positions in the company’s stock.
What indirect ECBK holdings are listed for the CFO in this filing?
The filing lists indirect ownership of 3,334 shares by ESOP, 15,000 shares by spouse, 15,517 shares by Roth IRA, and 47,005 shares by IRA. These positions are separate from his directly held shares and reflect different ownership arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
