Form 4: ACNB Corp Executive Reports Tax Liability Share Disposal

Emily E. Berwager, SVP at ACNB Bank, reports the disposal of shares to cover tax liabilities related to previously awarded restricted shares.

Summary

• On January 1, 2025, Emily E. Berwager, SVP at ACNB Bank, had shares disposed of to cover tax liabilities.
• The disposal involved 395.0498 shares at a price of $39.655 per share.
• These shares were related to restricted shares previously awarded on March 15, 2023, and March 15, 2024, under the ACNB Bank Variable Compensation Plan and the ACNB Corporation 2018 Omnibus Stock Incentive Plan.
• The shares vested on January 1, 2025.
• Following the transaction, Berwager beneficially owns 3,287.4452 shares of ACNB Corporation Common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing regarding stock transactions for tax purposes. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Management Comments

• The executive did not sell the shares; they were withheld by the Issuer and/or its subsidiary ACNB Bank for payment of the tax liability.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of to cover tax obligations.

Key Dates