Uwharrie director receives stock as annual retainer
Uwharrie Capital Corp director S. Todd Swaringen reported receiving 132 shares of Common Stock at $11.293 per share as part of his Annual Retainer for serving as a director.
Rhea-AI Filing Summary
Uwharrie Capital Corp director S. Todd Swaringen reported receiving 132 shares of Common Stock at $11.293 per share as part of his Annual Retainer for serving as a director. This stock award increased his directly held shares to 2,680.
Footnotes explain the grant value was converted into shares using a weighted average price of Uwharrie’s common stock. The filing also notes prior open-market purchases totaling 160 shares at $10.50 per share held indirectly as custodian for his daughter.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 160 shares
Net Buy
4 txns
Insider
Swaringen S Todd
Role
Director
Bought
160 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Held by Self) | 132 | $11.293 | $1K |
| holding | Common Stock | -- | -- | -- |
| Purchase | Common Stock (Custodian for Daughter) | 80 | $10.50 | $840.00 |
| Purchase | Common Stock (Custodian for Daughter) | 80 | $10.50 | $840.00 |
Holdings After Transaction:
Common Stock (Held by Self) — 2,680 shares (Direct);
Common Stock (Custodian for Daughter) — 80 shares (Indirect, Held by Self as Custodian for Daughter);
Common Stock — 2,252 shares (Direct)
Footnotes (4)
- F1. This acquisition represents payment for a portion of the reporting person's Annual Retainer for serving in the capacity of Director.
- F2. The number of shares acquired by the reporting person is based on the amount of the Annual Retainer being paid divided by a weighted average price of the issuer's common stock acquired for this specific payment.
- F3. Represents a weighted average price of the issuer's common stock acquired for this specific payment.
- F4. Held by Cede & Co., Depository for Pershing LLC Safekeeper for Stephen Todd Swaringen
Key Figures
Director stock grant: 132 shares
Grant pricing: $11.293 per share
Direct holdings after grant: 2,680 shares
+2 more
5 metrics
Director stock grant
132 shares
Common Stock granted as portion of Annual Retainer
Grant pricing
$11.293 per share
Weighted average price used to calculate retainer shares
Direct holdings after grant
2,680 shares
Common Stock directly owned after 132-share acquisition
Indirect family purchases
160 shares
Open-market purchases at $10.50 held as custodian for daughter
Family purchase price
$10.50 per share
Price for Common Stock purchased as custodian for daughter
Key Terms
Annual Retainer, weighted average price, open-market purchase, grant, award, or other acquisition, +1 more
5 terms
Annual Retainer financial
"This acquisition represents payment for a portion of the reporting person's Annual Retainer for serving in the capacity of Director."
weighted average price financial
"based on the amount of the Annual Retainer being paid divided by a weighted average price of the issuer's common stock"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect financial
"ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did UWHR director S. Todd Swaringen report in this Form 4?
Director S. Todd Swaringen reported receiving 132 shares of Uwharrie Capital Corp common stock as part of his Annual Retainer for board service, bringing his direct holdings to 2,680 shares following the transaction.
What are Swaringen’s direct UWHR holdings after this Form 4 transaction?
After the stock retainer grant, Swaringen directly owns 2,680 shares of Uwharrie Capital Corp common stock. This figure reflects his total direct ownership following the 132-share acquisition reported in the filing as compensation for board service.
Did Swaringen make open-market purchases of UWHR for family accounts?
Yes. The filing shows open-market purchases totaling 160 shares of Uwharrie Capital common stock at $10.50 per share, held indirectly as custodian for his daughter, with these shares classified as indirect ownership in the Form 4.
Is Swaringen’s stock grant in UWHR a market trade or compensation?
The 132-share acquisition is compensation, not an open-market trade. Footnotes state it represents payment for a portion of Swaringen’s Annual Retainer as a director, converted into shares using a weighted average stock price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
