Form 4: ACNB Corp. Director James J. Lott Increases Stake Through Compensation and Dividend Reinvestment
Insider Transaction Report
ACNB Corp. Director James J. Lott acquired additional shares of common stock through director compensation and dividend reinvestment, increasing his total beneficial ownership.
Summary
- James J. Lott, a Director of ACNB Corp. (ACNB), acquired 274.6247 shares of ACNB common stock.
- The transaction date was June 13, 2025, with a deemed execution date of June 16, 2025.
- The shares were acquired at a price of $40.965 per share.
- The acquisition includes stock received as compensation for director service and shares purchased through the automatic reinvestment of dividends under the ACNB Corporation Dividend Reinvestment and Stock Purchase Plan.
- Following this transaction, Mr. Lott beneficially owns a total of 17,979.2182 shares of ACNB common stock.
Sentiment
Score: 7
Explanation: The acquisition of shares by a director, partly through compensation and dividend reinvestment, generally indicates confidence in the company's performance and future prospects, aligning insider interests with shareholders.
Positives
- Director James J. Lott increased his beneficial ownership in ACNB Corp., indicating continued alignment with shareholder interests.
- The acquisition includes shares received as compensation for director service, reflecting ongoing commitment to the company.
- Shares were also acquired through dividend reinvestment, demonstrating confidence in the company's dividend policy and long-term value.
Future Outlook
NA
Industry Context
This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.
Related Party Transactions
- The acquisition of shares by Director James J. Lott includes stock received as compensation for service, which is a standard related party transaction for board members.
Stakeholder Impact
- Shareholders: Increased confidence due to a director's increased stake, aligning management interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 06/13/2025 | Transaction Date for the acquisition of common stock. |
| 06/16/2025 | Deemed Execution Date for the transaction, determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4). |
| 06/17/2025 | Date the Form 4 was signed by Kevin J. Hayes as Power of Attorney for James J. Lott. |
Keywords
ACNB, Form 4, insider transaction, director compensation, dividend reinvestment, beneficial ownership, James J. Lott
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