4/A: Community Trust Bancorp Executive Corrects Stock Ownership Reporting

David Andrew Jones, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct previously reported stock ownership.

Summary

• David Andrew Jones, an Executive Vice President at Community Trust Bancorp, filed an amended Form 4 on July 29, 2024, to correct a previous filing made on January 29, 2024.
• The amendment clarifies the reporting of common stock holdings, combining previously separated amounts into a single holding of 9,078.2617 shares.
• The initial filing inadvertently reported the vesting of 244 shares on 01/25/24, 50 shares on 01/26/24 and 101 shares on 01/26/24 of Common Stock in a private purchase or on the open market.
• The corrected filing consolidates regular shares (6,672.3217), restricted shares (1,380), and shares held through LPL Financial (1,025.9390) into the total.
• Jones also holds 11,556.0103 shares indirectly through an ESOP and 3,131.595 shares through a 401k.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The amendment suggests a minor oversight, but it doesn't indicate any significant positive or negative implications for the company's financial health or future prospects.

Negatives

• The initial Form 4 contained errors in reporting stock vesting and holdings, requiring an amendment.

Risks

• Inaccurate reporting of beneficial ownership can lead to regulatory scrutiny.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. 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 regarding insider ownership.

Key Dates