4/A: Community Trust Bancorp Executive Corrects Beneficial Ownership Report
SEC Form 4/A
James B. Draughn, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct previously reported share amounts.
Summary
- James B. Draughn, an Executive Vice President at Community Trust Bancorp, filed an amended Form 4 on August 1, 2024, to correct information regarding his beneficial ownership of company stock.
- The original Form 4, filed on January 29, 2024, inadvertently reported the vesting of 296 shares on January 25, 2024, 61 shares on January 26, 2024 and 122 shares on January 26, 2024 of Common Stock in a private purchase or on the open market.
- The corrected filing clarifies the amounts of common stock held directly and indirectly through ESOP and 401k plans.
- The corrected filing shows a direct holding of 10,216 shares, 1,044.0708 ESOP shares, and 390.6648 401k shares.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it corrects a previous error and provides accurate information about insider ownership.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. Amendments are not uncommon and often reflect corrections or clarifications to previously reported information.
Stakeholder Impact
- The corrected information provides shareholders with a more accurate view of the executive's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Date of earliest transaction (vesting of 296 shares). |
| 01/26/2024 | Vesting of 61 shares. |
| 01/26/2024 | Vesting of 122 shares. |
| 01/29/2024 | Date of original Form 4 filing which contained errors. |
| 08/01/2024 | Date of amended Form 4 filing. |
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