Form 4: ACNB Corp Executive Kevin J. Hayes Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Kevin J. Hayes, SVP/Secretary & CGO of ACNB Corp, reports acquiring and disposing of company shares related to a variable equity award.
Summary
- On March 15, 2024, Kevin J. Hayes, SVP/Secretary & CGO of ACNB Corp, reported transactions involving ACNB Corporation Common stock.
- Hayes acquired 1,499.8016 shares at a price of $35.28.
- Hayes also disposed of 170.1777 shares at a price of $35.28 to cover tax liabilities related to a vested portion of a variable equity award.
- Following these transactions, Hayes directly owns 2,708.686 shares of ACNB Corporation Common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction and grant date of the variable equity award. |
| 03/18/2024 | Deemed execution date for the transactions. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
| 01/01/2025 | Next one-third (1/3) of the Variable Equity Award 100% vested. |
| 01/01/2026 | Final one-third (1/3) of the Variable Equity Award 100% vested. |
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