Form 4: Civista Bancshares Officer Richard J. Dutton Reports Changes in Beneficial Ownership

Richard J. Dutton, a Senior Vice President of Civista Bancshares, reported transactions involving Civista Bancshares common stock, including acquisitions and disposals, resulting in adjustments to his direct and indirect holdings.

Summary

• Richard J. Dutton, a Senior Vice President at Civista Bancshares, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 1, 2024, transactions designated with code 'J' resulted in the acquisition of 78.275 shares held indirectly in an IRA, 89.6226 shares held directly, and 74.943 shares held directly.
• On January 2, 2024, 1,058 shares were disposed of directly, indicated by code 'F'.
• On March 12, 2024, Dutton acquired 1,996 shares of common stock directly at an unspecified price.
• Following these transactions, Dutton directly owns 20,948.3974 shares and indirectly owns 7,443.197 shares through an IRA.
• The filing also indicates Dutton directly owns 1,278 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an officer's trading activity.

Positives

• The reporting person increased their direct holdings of common stock by 1,996 shares on March 12, 2024.

Negatives

• The reporting person disposed of 1,058 shares of common stock on January 2, 2024.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company executives and potentially gain insights into their perspectives on the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's view of the company's value.

Key Dates