Form 4: Civista Bancshares SVP Paul Stark Reports Final Beneficial Ownership After Retirement

Paul Stark, Senior Vice President of Civista Bancshares, filed a Form 4 to report his final beneficial ownership following his retirement on December 31, 2023.

Summary

• Paul Stark, a Senior Vice President of Civista Bancshares, filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Civista Bancshares securities.
• The reported transaction date is December 31, 2023, coinciding with Mr. Stark's retirement date.
• Mr. Stark directly owns 9,128.9098 shares of common stock.
• He indirectly owns 4,100 shares of common stock through a trust.
• He owns 0 Depositary Shares.
• The filing is a voluntary exit Form 4 due to Mr. Stark's retirement.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to an executive's retirement. It doesn't contain any particularly positive or negative information about the company's performance or prospects, but it does provide transparency into insider ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is triggered by the retirement of a key executive.

Management Changes

Stakeholder Impact

• Shareholders are informed about the change in beneficial ownership due to the executive's retirement.
• Employees may experience changes in leadership and responsibilities following the executive's departure.

Key Dates