Peoples Bancorp COO granted 560 cash-settled RSUs
PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) reported that its EVP and Chief Operations Officer, as the reporting person, received a grant of 560 Restricted Stock Units on August 20, 2026.
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Form Type
4
Rhea-AI Filing Summary
PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) reported that its EVP and Chief Operations Officer, as the reporting person, received a grant of 560 Restricted Stock Units on August 20, 2026. Each RSU represents a contingent right to a cash payment equal to the fair market value of one share of Common Stock upon vesting, with no expiration date, and an exercise date of August 20, 2030. Following this grant, the reporting person holds 560 RSUs and 1,305 shares of Common Stock directly.
Insider Trade Summary
Grant/Award: 560 shares
Grant/Award
2 txns
Insider
Shinn Carol S.
Role
EVP, Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) F1, F2 | 560 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 560 contracts (Direct);
Common Stock — 1,305 shares (Direct)
Footnotes (2)
- F1. Each RSU represents the contingent right to receive a cash payment equal to the fair market value of one share of Common Stock, in each case upon vesting of the RSU and in accordance with the terms of the RSU Award Agreement.
- F2. No Expiration Date
Key Figures
RSUs granted: 560 Restricted Stock Unit (RSU)
RSU exercise date: August 20, 2030
RSU expiration: No Expiration Date
+3 more
6 metrics
RSUs granted
560 Restricted Stock Unit (RSU)
Grant to EVP, Chief Operations Officer on August 20, 2026
RSU exercise date
August 20, 2030
Exercise date associated with the RSU grant
RSU expiration
No Expiration Date
Footnote states RSUs have no expiration date
Common Stock held directly
1,305 shares
Direct Common Stock ownership after the reported transactions
RSUs held after grant
560 RSUs
Total Restricted Stock Units directly held after the grant
RSU settlement type
Cash equal to fair market value of one share
Each RSU pays cash equal to the fair market value of one share upon vesting
Key Terms
Restricted Stock Unit (RSU), contingent right, fair market value, RSU Award Agreement
4 terms
Restricted Stock Unit (RSU) financial
"560 Restricted Stock Unit (RSU) granted to the EVP, Chief Operations Officer"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
contingent right financial
"Each RSU represents the contingent right to receive a cash payment"
fair market value financial
"cash payment equal to the fair market value of one share of Common Stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
RSU Award Agreement financial
"in accordance with the terms of the RSU Award Agreement"
A RSU award agreement is a legal contract that grants restricted stock units — promises of company stock to an employee or advisor — and spells out how many units are granted, when they become actual shares (vesting), and any conditions or tax rules. Investors care because these agreements create future share issuance and compensation cost, which can dilute existing holders and signal how the company rewards and retains key people, much like a delayed paycheck paid in stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PEBK disclose for the EVP and Chief Operations Officer?
The EVP and Chief Operations Officer received 560 Restricted Stock Units on August 20, 2026. Each RSU provides a cash payment equal to the fair market value of one PEBK common share upon vesting, under the terms of the RSU Award Agreement.
How many PEBK Restricted Stock Units does the reporting officer hold after this Form 4?
After the reported transaction, the officer holds 560 Restricted Stock Units. These RSUs are cash-settled based on the fair market value of one share of PEBK Common Stock upon vesting and have no expiration date.
What are the officer’s direct PEBK common stock holdings after the transaction?
The officer directly holds 1,305 shares of Common Stock of PEOPLES BANCORP OF NORTH CAROLINA INC after the August 20, 2026 report. This figure reflects direct ownership only, as disclosed in the Form 4.
When do the newly granted PEBK RSUs become exercisable?
The RSUs carry an exercise date of August 20, 2030. Upon vesting and in accordance with the RSU Award Agreement, each RSU entitles the holder to a cash payment equal to the fair market value of one share of PEBK Common Stock.
Are the PEBK RSUs paid in stock or cash under this award?
Each RSU represents a contingent right to receive a cash payment equal to the fair market value of one share of PEBK Common Stock. Payment occurs upon vesting and follows the terms of the RSU Award Agreement; the award is not described as share-settled.
Was the PEBK insider transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative (aff_10b5_one is false). The award is reported as a grant of RSUs, not as a market trade executed under a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
