Form 4: Anne M. May Reports Changes in Beneficial Ownership of Auburn National Bancorporation Stock

Anne M. May, a director of Auburn National Bancorporation, reports changes in beneficial ownership due to a Power of Attorney granted on May 15, 2024.

Summary

• On May 15, 2024, Anne M. May, a director of Auburn National Bancorporation, acquired beneficial ownership of 11,672 shares of common stock indirectly through a Power of Attorney.
• This Power of Attorney was granted by a third person who is not a director, officer, or principal shareholder of the company.
• Ms. May disclaims beneficial ownership of these shares, including 2,640 shares held in a limited liability company (LLC) beneficially owned by the other two members of the LLC.
• Following the reported transaction, Ms. May directly owns 33,311 shares of Auburn National Bancorporation common stock.
• The filing clarifies that the Power of Attorney does not imply that Ms. May is the beneficial owner of the shares for Section 16 purposes.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects compliance and transparency.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding changes in insider ownership.

Key Dates