Form 4: Civista Bancshares Director Dennis E. Murray Jr. Reports Transactions
SEC Form 4 Filing
Director Dennis E. Murray Jr. reports transactions involving Civista Bancshares common stock, including a transfer to an IRA and share transfers between accounts.
Summary
- On April 29, 2025, Director Dennis E. Murray Jr. acquired 6,143 shares of Civista Bancshares (CIVB) common stock at $22.438 per share and sold 6,143 shares on April 30, 2025 at $22.25 per share.
- These transactions involved moving shares from a taxable account to an IRA.
- Additional transactions include the acquisition of 62.805 shares on February 18, 2025, due to a dividend reinvestment.
- There were also transfers of 8,008.021 shares between accounts on March 21, 2025.
- Following these transactions, Murray directly owns 16,717 shares and indirectly owns 19,162 shares through an IRA rollover and 6,740 through a spouse.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any inherent positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the actions of a key individual at Civista Bancshares.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions reported are relatively small in scale and appear to be related to personal financial planning (IRA rollover) rather than a significant strategic move.
- Comparable companies would also have similar filings when their directors or officers trade company stock.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders, as they involve a relatively small number of shares and appear to be for personal financial planning purposes.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Common shares acquired by company dividend reinvestment feature (62.805 shares). |
| 03/21/2025 | Shares transferred to another account (8,008.021 shares). |
| 03/21/2025 | Shares transferred from another account (8,008 shares). |
| 04/29/2025 | Purchase of 6,143 shares at $22.438 per share for IRA. |
| 04/30/2025 | Sale of 6,143 shares at $22.25 per share from taxable account. |
| 04/30/2025 | Date of signature for the report. |
Keywords
CIVB, Civista Bancshares, Director, Form 4, Murray, Insider Trading, Share Transactions, IRA Rollover, Dividend Reinvestment
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