Director at Peoples Bancorp (PEBK) sells 600 common shares
Rhea-AI Filing Summary
PEOPLES BANCORP OF NORTH CAROLINA INC director James S. Abernethy reported an open-market sale of common stock. He sold 600 shares of Common Stock at a price of $39.35 per share. After this sale, he directly owned 69,226 shares of Common Stock.
The filing also lists indirect holdings of 70,441 shares through his role as VP, Secretary and Chairman of 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 | $39.35 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,226 shares (Direct);
Common Stock — 36,400 shares (Indirect, Son);
Common Stock — 70,441 shares (Indirect, VP, Sec & Chairman Alexander Railroad Co.)
Key Figures
Shares sold: 600 shares
Sale price per share: $39.35 per share
Approximate sale value: $23,610
+3 more
6 metrics
Shares sold
600 shares
Open-market sale of Common Stock
Sale price per share
$39.35 per share
Price for the 600-share sale
Approximate sale value
$23,610
600 shares × $39.35 disclosed price
Direct holdings after sale
69,226 shares
Common Stock directly owned post-transaction
Indirect Alexander Railroad Co. holdings
70,441 shares
Indirect ownership via Alexander Railroad Co.
Indirect holdings through son
36,400 shares
Indirect ownership through son
Key Terms
open-market sale, indirect ownership, Common Stock, transaction code S
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.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership lines"
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.
transaction code S financial
"transaction_code: "S" for the sale entry"
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 Peoples Bancorp of North Carolina common stock. He sold 600 shares of Common Stock in a single transaction, as disclosed in the Form 4 insider trading report.
What indirect PEBK holdings are associated with James S. Abernethy?
The Form 4 lists 70,441 shares held indirectly through Alexander Railroad Co., where he is VP, Secretary and Chairman, and 36,400 shares held indirectly through his son, reflecting additional beneficial ownership positions.
Was the PEBK insider transaction a purchase or a sale?
The transaction was a sale of Peoples Bancorp of North Carolina Common Stock. The Form 4 shows transaction code S, described as a sale in an open market or private transaction, covering 600 shares.