Form 4: ACNB Corp Executive Kevin J. Hayes Reports Acquisition and Disposal of Shares

Kevin J. Hayes, SVP/Secretary & General Counsel of ACNB Corp, reports acquiring and disposing of ACNB Corporation Common stock related to a variable equity award.

Summary

• On March 14, 2025, Kevin J. Hayes, SVP/Secretary & General Counsel of ACNB Corp, reported transactions involving ACNB Corporation Common stock.
• Hayes acquired 1,448.0921 shares at a price of $41.275 per share.
• Hayes also disposed of 134.7045 shares at $41.275 per share to cover tax liabilities related to the vesting of a variable equity award.
• Following these transactions, Hayes directly owns 3,716.4458 shares of ACNB Corporation Common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation. There are no indications of significant positive or negative developments.

Positives

• The acquisition of shares indicates a continued investment by the executive in the company's stock.

Negatives

• The disposal of shares, while for tax purposes, slightly reduces the executive's holdings.

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the vesting schedule for the remaining portions of the variable equity award.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates

Keywords

ACNB Corp, Kevin J. Hayes, Form 4, Beneficial Ownership, Variable Equity Award, Stock Incentive Plan, ACNB, Shares