4/A: AUBN Senior VP O'Donnell Amends Stock Ownership Filing

Auburn National Bancorporation Senior Vice President Shannon O'Donnell filed an amended Form 4 to correct previously reported stock ownership, detailing the vesting of restricted stock units and related tax withholdings.

Summary

• Shannon O'Donnell, Senior Vice President of Auburn National Bancorporation, Inc. (AUBN), filed an amended Form 4.
• The amendment corrects an omission of 387 restricted stock units (RSUs) previously granted on July 24, 2025, from the original Form 4.
• On March 10, 2026 (the Settlement Date), 387 restricted stock units vested.
• 7 shares were received as dividend equivalents upon the vesting of these RSUs.
• 114 shares were withheld by the Issuer on the Settlement Date to satisfy tax withholding obligations.
• The tax withholding was based on a closing price of $23.85 per share on the Nasdaq Global Market.
• This resulted in the issuance of 273 net shares to the reporting person.
• A total of 280 shares (273 net shares + 7 dividend equivalents) were issued to the reporting person on the Settlement Date.
• Following these transactions, Shannon O'Donnell beneficially owns 1,844 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While the late filing is a minor administrative negative, the core event of RSU vesting is a routine compensation event for an insider and does not indicate any significant operational or financial changes for the company.

Positives

• The vesting of 387 restricted stock units and the receipt of 7 dividend equivalent shares represent an increase in the reporting person's equity holdings and compensation.

Negatives

• The Form 4 was filed late, indicating a procedural oversight in reporting insider transactions.

Risks

• The late filing of the Form 4 indicates a minor administrative compliance issue, which could reflect on internal reporting processes.

Future Outlook

NA

Management Comments

• "This Form 4 is filed late. We did not include the 387 restricted stock units received on July 24, 2025 in the total of shares in the original form 4."

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into management and director stock ownership. While the amendment addresses a prior omission, the underlying transaction (RSU vesting) is a common form of executive compensation in the banking industry, aligning management interests with shareholder value.

Stakeholder Impact

• Shareholders: Provides updated transparency on insider ownership, correcting previous reporting inaccuracies. The underlying RSU vesting aligns management incentives with shareholder interests.
• Reporting Person (Shannon O'Donnell): The vesting of RSUs represents a realized compensation event, increasing personal equity holdings in the company.

Key Dates

Keywords

Auburn National Bancorporation, AUBN, Form 4/A, insider transaction, restricted stock units, RSU vesting, stock ownership, SEC filing, corporate governance