LINKBANCORP president reports tax-withholding share disposition
LINKBANCORP, Inc. President Carl D. Lundblad reported a routine tax-withholding share disposition tied to equity compensation.
Rhea-AI Filing Summary
LINKBANCORP, Inc. President Carl D. Lundblad reported a routine tax-withholding share disposition tied to equity compensation. On April 22, 2026, 8,033 shares of common stock at $8.71 per share were withheld to cover his tax obligation on vested restricted stock, not sold in the open market. After this disposition, he directly held 77,674 common shares and indirectly held 12,671 common shares through an IRA. He also held stock options covering 60,000 underlying common shares at a $10.00 exercise price expiring on January 3, 2029, and options for 30,000 underlying common shares at a $10.00 exercise price expiring on June 14, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 8,033 shares
Exercise Price or Tax Liability
4 txns
Insider
LUNDBLAD CARL D
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,033 | $8.71 | $70K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 77,674 shares (Direct);
Stock Options — 90,000 contracts (Direct);
Common Stock — 12,671 shares (Indirect, By IRA)
Footnotes (2)
- F1. The 8,033 shares of common stock disposed of represent a portion of the shares issued to the reporting person upon vesting of restricted stock. The shares disposed of were withheld to satisfy the reporting person's tax obligation.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Tax-withholding shares: 8,033 shares
Tax-withholding price: $8.71 per share
Direct common shares after transaction: 77,674 shares
+3 more
6 metrics
Tax-withholding shares
8,033 shares
Common stock disposed of for tax obligation on restricted stock vesting at $8.71
Tax-withholding price
$8.71 per share
Price for 8,033 common shares used to satisfy tax obligation
Direct common shares after transaction
77,674 shares
Direct LINKBANCORP common stock holdings following April 22, 2026 disposition
Indirect common shares via IRA
12,671 shares
Common stock held indirectly in an IRA as of April 22, 2026
Stock options 2029-01-03
60,000 underlying shares at $10.00
Stock options over common stock expiring January 3, 2029, direct ownership
Stock options 2029-06-14
30,000 underlying shares at $10.00
Stock options over common stock expiring June 14, 2029, direct ownership
Key Terms
restricted stock, tax obligation, Section 16 of the Securities Exchange Act of 1934, Stock Options, +1 more
5 terms
restricted stock financial
"shares of common stock disposed of represent a portion of the shares issued to the reporting person upon vesting of restricted stock"
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.
tax obligation financial
"The shares disposed of were withheld to satisfy the reporting person's tax obligation"
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Stock Options financial
"Stock Options, underlying security title Common Stock, exercise price 10.0000"
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.
IRA financial
"total_shares_following_transaction 12671.0000, direct_or_indirect I, 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 insider transaction did LINKBANCORP (LNKB) report for Carl D. Lundblad?
LINKBANCORP reported a tax-withholding disposition for President Carl D. Lundblad. On April 22, 2026, 8,033 common shares were withheld to satisfy taxes on vested restricted stock rather than sold in the open market.
What stock options does Carl Lundblad hold in LINKBANCORP (LNKB)?
Carl Lundblad holds stock options over 60,000 underlying common shares at a $10.00 exercise price expiring January 3, 2029, and options over 30,000 underlying shares at a $10.00 exercise price expiring June 14, 2029.
Was Carl Lundblad’s LINKBANCORP (LNKB) transaction an open-market sale?
No. The 8,033 shares reported were withheld to satisfy Carl Lundblad’s tax obligation on vested restricted stock. The filing states the shares were not an open-market sale but a tax-withholding disposition.
Does the LINKBANCORP (LNKB) Form 4 mention Section 16 reporting exceptions?
Yes. A footnote states some entries reflect transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934, indicating certain holdings are administrative updates rather than new trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
