Peoples Bancorp (PEBK) EVP awarded 397 RSU-conversion shares at $36.05

Rhea-AI Filing Summary

Peoples Bancorp of North Carolina executive granted stock from RSU vesting

Executive Vice President and Chief Credit Officer Timothy Paul Turner received 397 shares of Peoples Bancorp of North Carolina common stock on January 20, 2026, at a value of $36.05 per share, upon vesting and conversion of restricted stock units.

After this transaction, Turner directly beneficially owned 1,474.9281 common shares. In addition, 500 common shares were reported as indirectly owned through his spouse.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Turner Timothy Paul

(Last) (First) (Middle)

518 WEST C ST

(Street)

NEWTON NC 28658

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEOPLES BANCORP OF NORTH CAROLINA INC [ PEBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		C(1)		397	A	$36.05	1,474.9281	D
Common Stock								500	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of common stock were issued to the Reporting Person on January 20, 2026 upon the vesting and conversion of restricted stock units.

	Timothy Paul Turner	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did PEBK executive Timothy Paul Turner report?

Timothy Paul Turner reported receiving 397 shares of PEBK common stock. The shares were issued on January 20, 2026 upon the vesting and conversion of restricted stock units, rather than an open-market purchase or sale.

At what price were the new PEBK shares recorded for Timothy Paul Turner?

The 397 PEBK common shares for Timothy Paul Turner were recorded at $36.05 per share. This value reflects the price used in the Form 4 for the RSU vesting and conversion on January 20, 2026.

How many PEBK shares does Timothy Paul Turner own after this Form 4 transaction?

After the transaction, Timothy Paul Turner directly beneficially owned 1,474.9281 PEBK common shares. The filing also reports an additional 500 common shares indirectly owned through his spouse as of the same date.

Is the PEBK Form 4 for a purchase, sale, or RSU vesting?

The PEBK Form 4 reflects RSU vesting, not an open-market trade. 397 common shares were issued to Timothy Paul Turner when his restricted stock units vested and converted on January 20, 2026.

How are Timothy Paul Turner’s indirect PEBK share holdings reported?

The Form 4 shows 500 PEBK common shares as indirectly owned by Timothy Paul Turner through his spouse. These shares are listed separately from his 1,474.9281 directly owned shares to clarify the nature of beneficial ownership.

What is Timothy Paul Turner’s role at Peoples Bancorp of North Carolina (PEBK)?

Timothy Paul Turner is reported as an officer of PEBK, serving as Executive Vice President and Chief Credit Officer. His status as an executive requires disclosure of equity transactions on Form 4 under SEC insider reporting rules.