PEOPLES Bancorp (PEBK) director reports 1,200-share open-market stock sale
Rhea-AI Filing Summary
PEOPLES BANCORP OF NORTH CAROLINA INC director Robert C. Abernethy Jr. reported an open-market sale of common stock. He sold 1,200 shares at a price of $41.61 per share and, after this transaction, directly holds 55,058 common shares.
The filing also lists indirect holdings held as custodian for his children, with 491.903 shares for Daughter #1, 491.903 shares for Daughter #2, and 1,027.822 shares for his son, all recorded as indirect ownership positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,200 shares
Net Sell
4 txns
Insider
Abernethy Robert C. JR
Role
Director
Sold
1,200 shs ($50K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,200 | $41.61 | $50K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,058 shares (Direct);
Common Stock — 1,027.822 shares (Indirect, Custodian of Son);
Common Stock — 491.903 shares (Indirect, Custodian of Daughter #1);
Common Stock — 491.903 shares (Indirect, Custodian of Daughter #2)
Key Figures
Shares sold: 1,200 shares
Sale price: $41.61 per share
Direct holdings after sale: 55,058 shares
+3 more
6 metrics
Shares sold
1,200 shares
Open-market sale of common stock
Sale price
$41.61 per share
Price for 1,200-share sale
Direct holdings after sale
55,058 shares
Common stock held directly post-transaction
Indirect holdings Daughter #1
491.903 shares
Common stock, custodian of Daughter #1
Indirect holdings Daughter #2
491.903 shares
Common stock, custodian of Daughter #2
Indirect holdings Son
1,027.822 shares
Common stock, custodian of Son
Key Terms
open-market sale, non-derivative, indirect ownership, Common Stock
4 terms
open-market sale financial
"transaction_action: "open-market sale""
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.
non-derivative financial
"transaction_type: "non-derivative""
indirect ownership financial
"ownership_type: "indirect""
Common Stock financial
"security_title: "Common Stock""
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 Robert C. Abernethy Jr. report?
Robert C. Abernethy Jr. reported an open-market sale of common stock. He sold 1,200 shares of PEOPLES BANCORP OF NORTH CAROLINA INC common stock at a price of $41.61 per share, according to the Form 4 insider filing data.
Does the PEBK Form 4 show a buy or sell transaction for the insider?
The Form 4 shows a sell transaction for the insider. It records an open-market sale of 1,200 common shares by Robert C. Abernethy Jr., classified with transaction code “S” and labeled as a sale in open market or private transaction.
What type of security was involved in Robert C. Abernethy Jr.’s PEBK transaction?
The transaction involved PEOPLES BANCORP OF NORTH CAROLINA INC common stock. The Form 4 identifies the security title as Common Stock for both the 1,200-share open-market sale and the indirect holdings reported for his children.