4/A: Community Trust Bancorp Executive Corrects Ownership Reporting After Initial Filing Error
SEC Form 4/A (Amendment)
Mark A. Gooch, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct previously misreported common stock holdings.
Summary
- Mark A. Gooch, an Executive Vice President at Community Trust Bancorp Inc, filed an amended Form 4 on August 01, 2024, to correct an error in a previous filing made on January 25, 2024.
- The initial filing on January 25, 2024, incorrectly reported the vesting of 856 shares of common stock.
- The corrected filing consolidates the reporting of common stock holdings, including regular shares, restricted shares, and LPL Brokerage shares, into a single holding of 34,338 shares.
- The amended filing also reports indirect ownership of 22,115.6181 shares through an ESOP and 25,430.4039 shares through a 401k.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing. While it indicates a previous error, the amendment itself is a positive step towards transparency and accurate reporting.
Negatives
- The initial Form 4 filed on January 25, 2024, contained an error regarding the reporting of vested shares.
Industry Context
Form 4 filings are a routine part of insider trading regulations, ensuring transparency in the market regarding the holdings and transactions of company executives and directors.
Stakeholder Impact
- The correction of the Form 4 filing ensures that shareholders and the public have accurate information regarding the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 01/24/2024 | Date of earliest transaction (vesting of shares, initially misreported). |
| 01/25/2024 | Date of original Form 4 filing (containing the error). |
| 08/01/2024 | Date of amended Form 4 filing (correcting the error). |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.