Private Bancorp of America (PBAM) director discloses 15,241 directly owned shares on Form 3
Rhea-AI Filing Summary
Private Bancorp of America, Inc. director Rex E. Schlaybaugh Jr. reported his initial beneficial ownership on Form 3. The filing lists 15,241 shares of Common Stock held with direct ownership. The filing also references an attached Exhibit 24 covering a Power of Attorney.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schlaybaugh Rex E. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,241 shares (Direct)
Key Figures
Common Stock holdings: 15,241 shares
1 metrics
Common Stock holdings
15,241 shares
Total Common Stock shares held following the reported holdings entry
Key Terms
Common Stock, beneficial ownership, Power of Attorney
3 terms
Common Stock financial
"The filing lists 15,241 shares of Common Stock held"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
beneficial ownership financial
"reported his initial beneficial ownership on Form 3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Power of Attorney regulatory
"remarks note Exhibit 24 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What did PBAM director Rex E. Schlaybaugh Jr. report on his Form 3?
Rex E. Schlaybaugh Jr. reported 15,241 shares of Private Bancorp of America, Inc. Common Stock on his Form 3. These shares are listed as directly owned, representing his initial beneficial ownership disclosure as a company director.
Does the PBAM Form 3 for Rex E. Schlaybaugh Jr. show any recent stock transactions?
The Form 3 for Rex E. Schlaybaugh Jr. does not report any specific buy or sell transaction. It presents his current holdings of 15,241 shares of Common Stock as an initial statement of beneficial ownership.
Is Rex E. Schlaybaugh Jr. reported as a 10% owner of PBAM?
Rex E. Schlaybaugh Jr. is not reported as a 10% owner of Private Bancorp of America, Inc. The Form 3 identifies him as a director but does not classify him as a ten percent owner of the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
