[FWP] Toronto Dominion Bank Free Writing Prospectus
Peoples Bancorp Inc. (PEBO) filed a Form 4 indicating that EVP & General Counsel Michael Ryan Kirkham acquired 11.5562 shares of common stock on 06/30/2025 through the company’s employee stock purchase plan (transaction code “J”). The shares were purchased at $25.96 each, increasing his direct holdings to 11,666.4766 shares. No dispositions or derivative security transactions were reported.
The purchase, valued at roughly $300, is immaterial relative to PEBO’s market capitalization and to Kirkham’s existing stake. Because the acquisition occurred under an automatic plan, it provides limited insight into management’s discretionary sentiment. There are no indications of broader strategic or financial changes associated with this filing.
Peoples Bancorp Inc. (PEBO) ha presentato un Modulo 4 che indica che EVP e Consigliere Generale Michael Ryan Kirkham ha acquisito 11,5562 azioni ordinarie il 30/06/2025 tramite il piano di acquisto azionario per dipendenti della società (codice transazione “J”). Le azioni sono state acquistate a 25,96$ ciascuna, portando la sua partecipazione diretta a 11.666,4766 azioni. Non sono state segnalate cessioni o transazioni su strumenti derivati.
L’acquisto, del valore di circa 300$, è irrilevante rispetto alla capitalizzazione di mercato di PEBO e alla partecipazione già detenuta da Kirkham. Poiché l’acquisizione è avvenuta nell’ambito di un piano automatico, fornisce un’indicazione limitata del sentimento discrezionale della direzione. Non ci sono segnali di cambiamenti strategici o finanziari più ampi associati a questa comunicazione.
Peoples Bancorp Inc. (PEBO) presentó un Formulario 4 indicando que el EVP y Asesor General Michael Ryan Kirkham adquirió 11.5562 acciones ordinarias el 30/06/2025 a través del plan de compra de acciones para empleados de la empresa (código de transacción “J”). Las acciones se compraron a 25,96$ cada una, aumentando su participación directa a 11.666,4766 acciones. No se reportaron disposiciones ni transacciones con valores derivados.
La compra, valorada en aproximadamente 300$, es insignificante en relación con la capitalización de mercado de PEBO y la participación existente de Kirkham. Dado que la adquisición se realizó bajo un plan automático, ofrece una visión limitada del sentimiento discrecional de la gerencia. No hay indicios de cambios estratégicos o financieros más amplios relacionados con esta presentación.
Peoples Bancorp Inc. (PEBO)는 EVP 겸 법률 고문 Michael Ryan Kirkham이 2025년 6월 30일 회사 직원 주식 구매 계획(거래 코드 “J”)을 통해 11.5562주의 보통주를 취득했다고 Form 4를 제출했습니다. 주당 25.96달러에 주식을 매수하여 그의 직접 보유 주식 수는 11,666.4766주로 증가했습니다. 처분이나 파생상품 거래는 보고되지 않았습니다.
약 300달러 가치의 이번 매수는 PEBO의 시가총액 및 Kirkham의 기존 지분에 비해 중요하지 않은 수준입니다. 자동 계획에 따른 취득이므로 경영진의 재량적 심리를 파악하는 데는 제한적입니다. 이번 보고와 관련된 광범위한 전략적 또는 재무적 변화의 징후는 없습니다.
Peoples Bancorp Inc. (PEBO) a déposé un formulaire 4 indiquant que le EVP et conseiller juridique général Michael Ryan Kirkham a acquis 11,5562 actions ordinaires le 30/06/2025 via le plan d’achat d’actions des employés de la société (code transaction « J »). Les actions ont été achetées à 25,96$ chacune, portant ses avoirs directs à 11.666,4766 actions. Aucune cession ni transaction sur titres dérivés n’a été signalée.
L’achat, d’une valeur d’environ 300$, est peu significatif par rapport à la capitalisation boursière de PEBO et à la participation existante de Kirkham. Étant donné que l’acquisition s’est faite dans le cadre d’un plan automatique, elle offre une vision limitée du sentiment discrétionnaire de la direction. Aucun signe de changements stratégiques ou financiers plus larges n’est associé à ce dépôt.
Peoples Bancorp Inc. (PEBO) reichte ein Formular 4 ein, das angibt, dass EVP & General Counsel Michael Ryan Kirkham am 30.06.2025 11,5562 Stammaktien über den Mitarbeiteraktienkaufplan des Unternehmens (Transaktionscode „J“) erworben hat. Die Aktien wurden zu je 25,96$ gekauft, wodurch sein Direktbestand auf 11.666,4766 Aktien anstieg. Keine Veräußerungen oder Derivatgeschäfte wurden gemeldet.
Der Kauf im Wert von etwa 300$ ist im Verhältnis zur Marktkapitalisierung von PEBO und Kirkhams bestehendem Anteil unbedeutend. Da der Erwerb im Rahmen eines automatischen Plans erfolgte, liefert er nur begrenzte Einblicke in die diskretionären Absichten des Managements. Es gibt keine Anzeichen für umfassendere strategische oder finanzielle Veränderungen im Zusammenhang mit dieser Meldung.
- Insider ownership increased, albeit marginally, which can be interpreted as a modest expression of confidence.
- None.
Insights
TL;DR: Tiny ESPP insider purchase; neutral signal, negligible financial impact.
The reported acquisition adds only 0.1% to Mr. Kirkham’s existing position and less than 0.001% to PEBO’s shares outstanding, offering little informational value for investors. Transaction code “J” confirms it was plan-driven rather than an open-market buy, further dampening signaling strength. With no accompanying derivative activity or large volume, I classify the event as routine compliance disclosure with no material effect on the investment thesis.
Peoples Bancorp Inc. (PEBO) ha presentato un Modulo 4 che indica che EVP e Consigliere Generale Michael Ryan Kirkham ha acquisito 11,5562 azioni ordinarie il 30/06/2025 tramite il piano di acquisto azionario per dipendenti della società (codice transazione “J”). Le azioni sono state acquistate a 25,96$ ciascuna, portando la sua partecipazione diretta a 11.666,4766 azioni. Non sono state segnalate cessioni o transazioni su strumenti derivati.
L’acquisto, del valore di circa 300$, è irrilevante rispetto alla capitalizzazione di mercato di PEBO e alla partecipazione già detenuta da Kirkham. Poiché l’acquisizione è avvenuta nell’ambito di un piano automatico, fornisce un’indicazione limitata del sentimento discrezionale della direzione. Non ci sono segnali di cambiamenti strategici o finanziari più ampi associati a questa comunicazione.
Peoples Bancorp Inc. (PEBO) presentó un Formulario 4 indicando que el EVP y Asesor General Michael Ryan Kirkham adquirió 11.5562 acciones ordinarias el 30/06/2025 a través del plan de compra de acciones para empleados de la empresa (código de transacción “J”). Las acciones se compraron a 25,96$ cada una, aumentando su participación directa a 11.666,4766 acciones. No se reportaron disposiciones ni transacciones con valores derivados.
La compra, valorada en aproximadamente 300$, es insignificante en relación con la capitalización de mercado de PEBO y la participación existente de Kirkham. Dado que la adquisición se realizó bajo un plan automático, ofrece una visión limitada del sentimiento discrecional de la gerencia. No hay indicios de cambios estratégicos o financieros más amplios relacionados con esta presentación.
Peoples Bancorp Inc. (PEBO)는 EVP 겸 법률 고문 Michael Ryan Kirkham이 2025년 6월 30일 회사 직원 주식 구매 계획(거래 코드 “J”)을 통해 11.5562주의 보통주를 취득했다고 Form 4를 제출했습니다. 주당 25.96달러에 주식을 매수하여 그의 직접 보유 주식 수는 11,666.4766주로 증가했습니다. 처분이나 파생상품 거래는 보고되지 않았습니다.
약 300달러 가치의 이번 매수는 PEBO의 시가총액 및 Kirkham의 기존 지분에 비해 중요하지 않은 수준입니다. 자동 계획에 따른 취득이므로 경영진의 재량적 심리를 파악하는 데는 제한적입니다. 이번 보고와 관련된 광범위한 전략적 또는 재무적 변화의 징후는 없습니다.
Peoples Bancorp Inc. (PEBO) a déposé un formulaire 4 indiquant que le EVP et conseiller juridique général Michael Ryan Kirkham a acquis 11,5562 actions ordinaires le 30/06/2025 via le plan d’achat d’actions des employés de la société (code transaction « J »). Les actions ont été achetées à 25,96$ chacune, portant ses avoirs directs à 11.666,4766 actions. Aucune cession ni transaction sur titres dérivés n’a été signalée.
L’achat, d’une valeur d’environ 300$, est peu significatif par rapport à la capitalisation boursière de PEBO et à la participation existante de Kirkham. Étant donné que l’acquisition s’est faite dans le cadre d’un plan automatique, elle offre une vision limitée du sentiment discrétionnaire de la direction. Aucun signe de changements stratégiques ou financiers plus larges n’est associé à ce dépôt.
Peoples Bancorp Inc. (PEBO) reichte ein Formular 4 ein, das angibt, dass EVP & General Counsel Michael Ryan Kirkham am 30.06.2025 11,5562 Stammaktien über den Mitarbeiteraktienkaufplan des Unternehmens (Transaktionscode „J“) erworben hat. Die Aktien wurden zu je 25,96$ gekauft, wodurch sein Direktbestand auf 11.666,4766 Aktien anstieg. Keine Veräußerungen oder Derivatgeschäfte wurden gemeldet.
Der Kauf im Wert von etwa 300$ ist im Verhältnis zur Marktkapitalisierung von PEBO und Kirkhams bestehendem Anteil unbedeutend. Da der Erwerb im Rahmen eines automatischen Plans erfolgte, liefert er nur begrenzte Einblicke in die diskretionären Absichten des Managements. Es gibt keine Anzeichen für umfassendere strategische oder finanzielle Veränderungen im Zusammenhang mit dieser Meldung.
Registration Statement No. 333-283969
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CAPPED NOTES WITH ABSOLUTE RETURN BUFFER (CAPPED NOTES)
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Capped Notes with Absolute Return Buffer Linked to the S&P 500® Index
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Issuer
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The Toronto-Dominion Bank (“TD”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately fourteen months
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Market Measure
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The S&P 500® Index (Bloomberg symbol: “SPX”)
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Payout Profile at Maturity
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• 1-to-1 upside exposure to
increases in the Market Measure, subject to the Capped Value
• A positive return equal to
the absolute value of the percentage decline in the level of the Market Measure only if the Market Measure does not decline by more than [5.00% to 10.00%] (e.g., if the negative return of the Market Measure is -5%, you will receive a
positive return of +5%)
• 1-to-1 downside exposure
to decreases in the Market Measure beyond a [5.00% to 10.00%] decline, with up to [95.00% to 90.00%] of your principal at risk
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Capped Value
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$11.00 per unit, a 10.00% return over the principal amount
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Threshold Value
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[95.00% to 90.00%] of the Starting Value, to be determined on the pricing date
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Interest Payments
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None
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Preliminary Offering Documents
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http://www.sec.gov/Archives/edgar/data/947263/000114036125024370/ef20051469_424b3.htm
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Exchange Listing
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No
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| • |
Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
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| • |
Payments on the notes are subject to the credit risk of TD, and actual or perceived changes in the creditworthiness of TD are expected to affect the value of the notes. If TD becomes unable to meet its
financial obligations as they become due, you may lose some or all of your investment.
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| • |
Your potential for a positive return based on the depreciation of the Market Measure is limited and may be less than that of a comparable investment that takes a short position directly in the Market
Measure (or the stocks included in the Market Measure). The absolute value return feature applies only if the Ending Value is less than the Starting Value but greater than or equal to the Threshold Value. Because the Threshold Value
is [95.00% to 90.00%] of the Starting Value, any positive return due to the depreciation of the Market Measure is limited to [5.00% to 10.00%] (the actual Threshold Value, and by extension, the cap on the positive return due to the
depreciation of the Market Measure, will be determined on the pricing date). Any decline in the Ending Value from the Starting Value by more than [5.00% to 10.00%] will result in a loss, rather than a positive return, on the notes. In
contrast, for example, a short position in the Market Measure (or the stocks included in the Market Measure) would allow you to receive the full benefit of any decrease in the level of the Market Measure (or the stocks included in the
Market Measure).
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| • |
Your investment return based on any increase in the level of the Market Measure is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks
included in the Market Measure.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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The initial estimated value of your notes is not a prediction of the prices at which you may sell your notes in the secondary market, if any exists, and such secondary market prices, if any, will likely be
less than the public offering price of your notes, may be less than the initial estimated value of your notes and could result in a substantial loss to you.
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You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those
securities.
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Hypothetical
Percentage Change
from the Starting
Value to the Ending
Value
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Hypothetical
Redemption Amount
per Unit |
Hypothetical Total
Rate of Return on
the Notes
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-100.00%
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$0.75
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-92.50%
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-75.00%
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$3.25
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-67.50%
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-50.00%
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$5.75
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-42.50%
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-40.00%
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$6.75
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-32.50%
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-30.00%
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$7.75
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-22.50%
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-20.00%
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$8.75
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-12.50%
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-10.00%
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$9.75
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-2.50%
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-7.50%(1)
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$10.75
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7.50%
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-5.00%
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$10.50
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5.00%
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0.00%
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$10.00
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0.00%
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2.00%
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$10.20
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2.00%
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5.00%
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$10.50
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5.00%
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7.00%
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$10.70
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7.00%
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10.00%
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$11.00(2)
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10.00%
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20.00%
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$11.00
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10.00%
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30.00%
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$11.00
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10.00%
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40.00%
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$11.00
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10.00%
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50.00%
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$11.00
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10.00%
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| (1) |
This hypothetical percentage change corresponds to the hypothetical Threshold Value.
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(2)
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Any positive return based on the appreciation of the Market Measure cannot exceed the Capped Value.
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FAQ
How many PEBO shares did EVP Michael Ryan Kirkham acquire?
What was the purchase price of the PEBO shares?
What is Kirkham’s total direct ownership after the transaction?
What does transaction code "J" signify on this Form 4?
When was the Form 4 for PEBO filed?
Were any derivative securities involved in this filing?
