4/A: Community Trust Bancorp Executive Corrects Stock Ownership Reporting
SEC Form 4/A (Amendment)
Charles Wayne Hancock II, an Executive Vice President at Community Trust Bancorp, files an amended Form 4 to correct previously misreported stock ownership details.
Summary
- Charles Wayne Hancock II, an Executive Vice President at Community Trust Bancorp, filed an amended Form 4 on August 1, 2024, to correct errors in a previous filing from January 29, 2024.
- The original filing incorrectly reported the vesting of 262 shares on 01/25/24, 53 shares on 01/26/24 and 107 shares on 01/26/24.
- The corrected filing consolidates several line items to accurately reflect Hancock's holdings, including 3,628 shares of common stock, 5,028.31 shares held through an ESOP, and 2,849.2696 shares held in a 401k.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects a commitment to accurate reporting.
Negatives
- The initial Form 4 filing on January 29, 2024, contained inaccuracies regarding the vesting of common shares.
Industry Context
Form 4 filings are a routine part of insider trading regulations, ensuring transparency in stock ownership by company executives and directors.
Stakeholder Impact
- Accurate reporting of stock ownership ensures transparency for shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Date of earliest transaction; incorrectly reported vesting of 262 shares in original filing. |
| 01/26/2024 | Incorrectly reported vesting of 53 and 107 shares in original filing. |
| 01/29/2024 | Original Form 4 filing date with incorrect information. |
| 08/01/2024 | Date of amended Form 4 filing to correct stock ownership details. |
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