4/A: Community Trust Bancorp Executive Corrects Shareholding Disclosure
SEC Filing Amendment
Richard W. Newsom, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct a previously reported share vesting.
Summary
- Richard W. Newsom, an Executive Vice President at Community Trust Bancorp Inc, filed an amended Form 4 with the SEC.
- The amendment corrects an error in the original Form 4 filed on January 25, 2024, which incorrectly reported the vesting of 356 shares on January 24, 2024.
- The corrected filing shows Newsom's direct holdings of Common Stock as 10,134.4524 shares.
- This total includes 2,126 restricted shares, 1,885.8034 regular shares, 5,998.6490 shares held through LPL Financial, and 124 shares held by Newsom's spouse.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing. While not inherently positive or negative, accurate reporting is crucial for investor confidence.
Industry Context
Form 4 filings are a routine part of insider trading regulations, ensuring transparency in the market regarding the buying and selling of company stock by its executives and directors. Amendments are sometimes necessary to correct errors or omissions in the original filings.
Stakeholder Impact
- The correction of the Form 4 filing ensures accurate information is available to shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| 01/24/2024 | Date of earliest transaction; date of incorrectly reported vesting of shares. |
| 01/25/2024 | Date of original Form 4 filing with incorrect information. |
| 08/02/2024 | Date of amended Form 4 filing. |
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