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  4. [Form 4] PEOPLES BANCORP OF NORTH CAROLINA INC Insider Trading Activity

Peoples Bancorp (PEBK) CFO’s 1,430 cash-settled RSUs vest at $36.05

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Peoples Bancorp of North Carolina EVP/Chief Financial Officer Jeffrey N. Hooper reported the vesting and cash settlement of restricted stock units. On January 20, 2026, 1,430 RSUs converted, each representing a right to a cash payment equal to the fair market value of one share of common stock.

Upon vesting, Hooper received $36.05 in cash per RSU, reflecting the fair market value per share on the vesting date, and his reported RSU balance fell to zero. Following the transaction, he directly held 7 shares of Peoples Bancorp common stock.

Positive

  • None.

Negative

  • None.
Insider Hooper Jeffrey N.
Role EVP/Chief Financial Officer
Type Security Shares Price Value
Conversion Restricted Stock Unit (RSU) 1,430 $36.05 $52K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit (RSU) — 0 shares (Direct); Common Stock — 7 shares (Direct)
Footnotes (2)
  1. F1. Each RSU represented 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 RSUs vested on 1-20-2026 following which the reporting person received a cash payment of $36.05 per share of Common Stock, reflecting the fair market value on the vesting date.
  2. F2. No Expiration Date

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FAQ

What insider transaction did PEBK report for Jeffrey N. Hooper on January 20, 2026?
Peoples Bancorp of North Carolina reported that EVP/Chief Financial Officer Jeffrey N. Hooper had 1,430 restricted stock units vest on January 20, 2026. These RSUs converted into a cash payment based on the fair market value of the company’s common stock on the vesting date.

How were Jeffrey N. Hooper’s RSUs at PEBK settled according to this Form 4?
The RSUs were settled in cash rather than stock. Each RSU entitled Hooper to a cash payment equal to the fair market value of one share of Peoples Bancorp common stock, which was $36.05 per share on the January 20, 2026 vesting date.

How many restricted stock units vested for PEBK executive Jeffrey N. Hooper?
Jeffrey N. Hooper had 1,430 restricted stock units vest. Each unit represented a contingent right to receive a cash amount equal to the fair market value of one share of Peoples Bancorp common stock on the vesting date, as described in the filing’s footnote.

What cash value per share did PEBK use for Hooper’s RSU vesting?
The RSUs were valued at $36.05 per share of common stock on the vesting date. This amount represented the fair market value of Peoples Bancorp’s common stock on January 20, 2026 and was used to calculate Hooper’s total cash payment from the vested units.

How many PEBK common shares does Jeffrey N. Hooper hold after this transaction?
After the reported transaction, Jeffrey N. Hooper directly held 7 shares of Peoples Bancorp common stock. His balance of restricted stock units fell to zero because the 1,430 RSUs vested and were settled entirely in cash rather than resulting in additional share ownership.

Did the reported PEBK RSUs for Jeffrey N. Hooper have an expiration date?
The filing specifies that the restricted stock units had no expiration date. Instead, they were contingent rights that became payable in cash upon vesting, at which point the RSUs converted into a cash payment based on the fair market value of common stock.
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Hooper Jeffrey N.
(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 Financial 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 7 D
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
Restricted Stock Unit (RSU) (1) 01/20/2026 C 1,430 01/20/2026 (2) Common Stock 1,430 $36.05 0 D
Explanation of Responses:
1. Each RSU represented 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 RSUs vested on 1-20-2026 following which the reporting person received a cash payment of $36.05 per share of Common Stock, reflecting the fair market value on the vesting date.
2. No Expiration Date
/s/ Jeffrey N. Hooper 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.

Source: View Original Filing on SEC EDGAR