Peoples Bancorp (NASDAQ: PEBK) director trims stake with 600-share sale
Rhea-AI Filing Summary
PEOPLES BANCORP OF NORTH CAROLINA INC director James S. Abernethy reported an open-market sale of 600 shares of Common Stock at $40.20 per share. After this sale, he holds 68,626 shares directly, plus 70,441 shares held through Alexander Railroad Co. and 36,400 shares held indirectly through his son.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 600 shares
Net Sell
3 txns
Insider
ABERNETHY JAMES S
Role
Director
Sold
600 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 600 | $40.20 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,626 shares (Direct);
Common Stock — 36,400 shares (Indirect, Son);
Common Stock — 70,441 shares (Indirect, VP, Sec & Chairman of Alexander Railraod Co.)
Key Figures
Shares sold: 600 shares
Sale price: $40.20 per share
Direct holdings after sale: 68,626 shares
+3 more
6 metrics
Shares sold
600 shares
Open-market sale of Common Stock
Sale price
$40.20 per share
Price for 600-share sale
Direct holdings after sale
68,626 shares
Common Stock held directly post-transaction
Indirect holdings via Alexander Railroad Co.
70,441 shares
Indirect ownership position
Indirect holdings via son
36,400 shares
Indirect ownership position
Net share change
-600 shares
Net buy/sell shares in this filing
Key Terms
open-market sale, indirect ownership, Common Stock
3 terms
open-market sale financial
"reported an open-market sale of 600 shares of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"shares held indirectly through Alexander Railroad Co. and his son"
Common Stock financial
"sale of 600 shares of Common Stock at $40.20 per share"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PEBK director James S. Abernethy report?
James S. Abernethy reported an open-market sale of 600 shares of Peoples Bancorp of North Carolina Common Stock at $40.20 per share. This filing reflects a relatively small disposal compared with his remaining direct and indirect holdings in the company.
What are James S. Abernethy’s direct PEBK holdings after this transaction?
Following the 600-share sale, James S. Abernethy directly holds 68,626 shares of Peoples Bancorp of North Carolina Common Stock. This post-transaction balance shows he retains a substantial direct position in the company despite the relatively small sale reported.
What indirect PEBK holdings are reported for James S. Abernethy?
The filing shows 70,441 shares held indirectly through Alexander Railroad Co. and 36,400 shares held indirectly through his son. These indirect positions are reported as separate from his 68,626 directly held shares and help outline his overall exposure to PEBK stock.
Does the PEBK Form 4 show any option exercises or derivative trades?
No option exercises or derivative trades are reported in this Form 4. The derivative summary is empty, and the only transaction with share movement is the 600-share open-market sale of Common Stock, with the other entries reflecting indirect holding information.