Form 4: Capital Bancorp Director Mary Ann Scully Acquires 2,000 Shares
SEC Form 4 Filing
Mary Ann Scully, a director at Capital Bancorp Inc, purchased 2,000 shares of common stock at $25.14 per share on July 31, 2024.
Summary
- On July 31, 2024, Mary Ann Scully, a director of Capital Bancorp Inc, acquired 2,000 shares of the company's common stock.
- The purchase price was $25.14 per share.
- Following the transaction, Scully directly owns 13,536 shares of Capital Bancorp Inc.
- Scully also holds stock options for 1,500 shares, exercisable at $24.20, vesting in equal annual installments starting January 1, 2025, and expiring on January 1, 2029.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking to gauge management's sentiment and confidence in the company's performance.
Stakeholder Impact
- The stock purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of stock purchase transaction. |
| 01/01/2025 | First vesting date for stock options. |
| 01/01/2029 | Expiration date for stock options. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
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