Form 4: Director Barrett J Tutt Increases Stake in Auburn National Bancorporation
SEC Form 4 Filing
Director Barrett J Tutt acquired additional shares of Auburn National Bancorporation through a direct purchase on January 14, 2025.
Summary
- On January 14, 2025, Barrett J Tutt, a director of Auburn National Bancorporation, purchased 51 shares of common stock at $24.5401 per share.
- Additionally, Mr. Tutt purchased 25 shares of common stock at $23.9604 per share on the same day.
- Following these transactions, Mr. Tutt directly owns 8,808 shares of Auburn National Bancorporation.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction by a director, indicating confidence but not necessarily a major shift in outlook.
Positives
- The director's purchase indicates confidence in the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The increased stake by a director could be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/14/2025 | Date of stock purchase transactions |
| 01/15/2025 | Date of signature on the Form 4 filing |
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