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Eagle Financial Services Insider Filing Shows Minor Tax-Related Share Sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 insider activity for Eagle Financial Services Inc. (EFSI)

Executive Officer Aaron M. Poffinberger reported two transactions dated 06/20/2025 involving EFSI common stock:

  • Code D: Disposed of 87 shares at a stated price of $0.00 under the company’s Stock Incentive Plan (shares typically withheld by the issuer).
  • Code F: Disposed of 106 shares at $36.25 per share to satisfy tax-withholding obligations.

After these transactions, Poffinberger’s direct ownership declined from 9,566.727 to 9,373.727 shares. The total includes shares previously acquired through the Dividend Investment Plan. No derivative securities were reported.

Positive

  • Timely and transparent filing with explanatory footnotes, indicating strong compliance with SEC reporting requirements.
  • Officer retains a significant stake of 9,373.727 shares, aligning interests with shareholders.

Negative

  • Insider reduced holdings by 193 shares, although the amount is immaterial to overall ownership.

Insights

TL;DR: Small insider sale (193 shares) for tax/plan purposes; negligible impact on float or sentiment.

The filing shows routine administrative dispositions rather than open-market selling. Transaction codes D and F, plus the $0.00 entry, indicate shares withheld under the Stock Incentive Plan and to cover taxes. The 193-share reduction equals roughly 2.0% of the insider’s stake and an immaterial fraction of EFSI’s 3.6 million outstanding shares. Because the officer retains over 9.3 k shares and no derivatives were exercised, the market signal is neutral. Investors typically monitor larger, open-market sales for directional cues.

TL;DR: Filing reflects compliance with Section 16 rules; no governance red flags detected.

Poffinberger filed within four days of the 06/20/2025 transaction date, meeting SEC timeliness standards. Codes D and F confirm plan-based dispositions, which are generally pre-authorized and do not suggest opportunistic trading. The explanatory footnotes clearly disclose that shares came from the Stock Incentive Plan and prior dividend reinvestments, enhancing transparency. From a governance standpoint the action is standard and low-risk.

Insider POFFINBERGER AARON M
Role EXECUTIVE OFFICER
Type Security Shares Price Value
Disposition Common Stock, $2.50 Par Value 87 $0.00 --
Tax Withholding Common Stock, $2.50 Par Value 106 $36.25 $4K
Holdings After Transaction: Common Stock, $2.50 Par Value — 9,479.727 shares (Direct)
Footnotes (1)
  1. This transaction reflects disposition of shares under the Company's Stock Incentive Plan. Includes shares of common stock which have been acquired through the Company's Dividend Investment Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
POFFINBERGER AARON M
(Last) (First) (Middle)
2 E MAIN ST
(Street)
BERRYVILLE VA 22611
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EAGLE FINANCIAL SERVICES INC [ EFSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EXECUTIVE OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $2.50 Par Value 06/20/2025 D 87(1) D $0.00 9,479.727(2) D
Common Stock, $2.50 Par Value 06/20/2025 F 106 D $36.25 9,373.727(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction reflects disposition of shares under the Company's Stock Incentive Plan.
2. Includes shares of common stock which have been acquired through the Company's Dividend Investment Plan.
Aaron M Poffinberger 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many EFSI shares did Aaron Poffinberger sell on 06/20/2025?

He disposed of a total of 193 shares (87 via Code D and 106 via Code F).

What is the remaining share ownership of the officer after the transactions?

Poffinberger now directly owns 9,373.727 shares of EFSI common stock.

Why was the price listed as $0.00 for part of the transaction?

The $0.00 price indicates shares withheld under the Stock Incentive Plan, not an open-market sale.

What does transaction code F signify in an SEC Form 4?

Code F denotes shares withheld to pay taxes on equity-based compensation.

Did the filing report any derivative securities activity?

No derivative securities were acquired or disposed of in this filing.