Peoples Bancorp (PEBK) director logs 500-share insider sale at $42.10
Rhea-AI Filing Summary
PEOPLES BANCORP OF NORTH CAROLINA INC director James S. Abernethy reported an open-market sale of 500 shares of common stock held indirectly through his son at $42.10 per share. After this sale, that indirect account held 35,900 shares. Separate entries show 68,626 shares held directly and 70,441 shares held indirectly in his role with Alexander Railroad Co., giving a clearer picture of his overall reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 500 shares
Net Sell
3 txns
Insider
ABERNETHY JAMES S
Role
Director
Sold
500 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $42.10 | $21K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,900 shares (Indirect, Son);
Common Stock — 68,626 shares (Direct);
Common Stock — 70,441 shares (Indirect, VP, Sec & Chairman of Alexander Railroad Co.)
Key Figures
Shares sold: 500 shares
Sale price: $42.10 per share
Indirect shares after sale (son): 35,900 shares
+2 more
5 metrics
Shares sold
500 shares
Open-market sale of common stock
Sale price
$42.10 per share
Price for 500-share sale
Indirect shares after sale (son)
35,900 shares
Total shares following transaction in son-held account
Direct holdings
68,626 shares
Direct common stock holdings reported
Indirect holdings (Alexander Railroad Co.)
70,441 shares
Indirect holdings via Alexander Railroad Co. role
Key Terms
open-market sale, indirect ownership, Common Stock, transaction code
4 terms
open-market sale financial
"transaction_action: "open-market sale" for 500 shares at $42.10"
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
"ownership_type: "indirect" with nature of ownership listed as Son"
Common Stock financial
"security_title: "Common Stock" for all reported entries"
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.
transaction code regulatory
"transaction_code "S" identifies the reported sale transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PEBK director James S. Abernethy disclose?
James S. Abernethy disclosed an open-market sale of 500 shares of Peoples Bancorp of North Carolina common stock. The shares were held indirectly through his son and sold at a price of $42.10 per share, according to the Form 4 filing data.
What direct PEBK holdings did James S. Abernethy report on this Form 4?
The Form 4 shows a direct holding entry of 68,626 shares of Peoples Bancorp of North Carolina common stock. This is reported as a holding record, not a new transaction, and represents shares owned directly by James S. Abernethy after the reported activity.
What other indirect PEBK holdings are associated with James S. Abernethy?
Beyond the son-held shares, Abernethy reported 70,441 indirect shares linked to his role as VP, Secretary and Chairman of Alexander Railroad Co. This holding entry reflects another indirect ownership position in Peoples Bancorp of North Carolina common stock in the Form 4.