Espey (ESP) Insider: O'Neil Executes Options and ESOP Allocation

Rhea-AI Filing Summary

David A. O'Neil, President & CEO and a director of Espey Mfg. & Electronics Corp (ESP), reported option exercises and an ESOP allocation. On 08/27/2025 he exercised two option tranches: 2,500 shares at an exercise price of $20.50 and 3,750 shares at $18.05, recorded as transactions under code M. The reporting tables show the exercised options convert into the same number of common shares and list post-transaction beneficial ownership figures for those option-derived shares. Additionally, an ESOP allocation of 810 shares was credited as of June 30, 2025, bringing his ESOP account to 20,725 shares of common stock. The Form 4 is signed by the reporting person on 08/27/2025.

Positive

• Executive exercised vested options totaling 6,250 shares, reflecting retention of equity-based compensation
• ESOP allocation increased by 810 shares, bringing the reporting person's ESOP holdings to 20,725 shares
• Form 4 is signed and dated, indicating timely compliance with Section 16 reporting requirements

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider exercised options for 6,250 shares and received an 810-share ESOP allocation; transactions are standard option exercises.

The filings show two option exercises executed on 08/27/2025: 2,500 shares at $20.50 and 3,750 shares at $18.05, reported with code M, indicating transactions were the result of a derivative exercise or conversion. The Form 4 also discloses an ESOP allocation of 810 shares to the reporting person's account as of 06/30/2025, resulting in 20,725 shares held in the ESOP. These entries reflect routine insider equity activity rather than a sale or transfer to third parties and do not include additional context such as total outstanding company shares or percentage ownership, which limits assessment of ownership dilution or materiality.

Corporate Governance Expert

TL;DR: Report documents compliance with Section 16 reporting for option exercises and ESOP allocation; nothing indicating governance issues.

The Form 4 is properly executed and lists the reporting person as both officer and director, with transactions disclosed on the required lines. The use of code M for the exercises and the explicit ESOP allocation note meet standard disclosure practices. The filing does not disclose any sales, pledges, or transfers outside the exercises and ESOP credit, and there are no amendments noted. Without further filings or context, these actions appear administrative and consistent with executive compensation mechanics.

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^*

ONEIL DAVID A

(Last) (First) (Middle)

14 BRIDGET CIRCLE

(Street)

COHOES NY 12047

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESPEY MFG & ELECTRONICS CORP [ ESP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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 - $.33 1/3 par value	08/27/2025		M		2,500	A	$20.5	7,500	D
Common Stock - $.33 1/3 par value	08/27/2025		M		3,750	A	$18.05	11,250(1)	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
Stock Option	$20.5	08/27/2025	08/27/2025	M			2,500	12/06/2021	12/06/2029	Common Stock	2,500	$20.5	17,925	D
Stock Option	$18.05	08/27/2025	08/27/2025	M			3,750	10/21/2022	10/21/2030	Common Stock	3,750	$18.05	14,175	D

Explanation of Responses:

1. Additionally, since the date of the reporting person's last ownership report, he has received an allocation of 810 shares in his ESOP account as of June 30, 2025. He now owns 20,725 shares of common stock in his ESOP account.

	/s/ David A. O'Neil	08/27/2025
	** 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.

FAQ

What transactions did David A. O'Neil report on Form 4 for ESP?

He reported exercising two option tranches on 08/27/2025: 2,500 shares at $20.50 and 3,750 shares at $18.05, and an ESOP allocation of 810 shares credited 06/30/2025.

How many shares did the reporting person acquire in total on 08/27/2025?

The Form 4 shows option exercises totaling 6,250 shares acquired on 08/27/2025.

What is the reporting person’s role at ESP?

The filer is listed as President & CEO and a director of Espey Mfg. & Electronics Corp.

How many shares are in the reporting person's ESOP account after the allocation?

Following the 810-share allocation as of 06/30/2025, the ESOP account holds 20,725 shares.

Does the Form 4 disclose any sales or transfers of ESP shares by the reporting person?

No. The Form 4 discloses option exercises (code M) and an ESOP allocation; it does not show any sales or dispositions to third parties.