4/A: Community Trust Bancorp Executive Corrects Stock Ownership Reporting Error
SEC Form 4/A (Amendment)
Ricky D. Sparkman, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct inaccuracies in a previous filing regarding stock ownership.
Summary
- Ricky D. Sparkman, an Executive Vice President at Community Trust Bancorp, filed an amended Form 4 on August 8, 2024, to correct errors in a previous filing from January 29, 2024.
- The original Form 4 incorrectly reported the vesting of 276 shares on January 25, 2024, 57 shares on January 26, 2024, and 114 shares on January 26, 2024.
- These shares were already included in the reported total of 16,094.8979 regular shares.
- The original filing also incorrectly reported 1,541 restricted shares and 1,434 CTIC shares on separate line items.
- The amended Form 4 now shows a single line item reflecting a holding of 19,069.8979 shares, encompassing regular shares, restricted shares, and CTIC shares.
- The amended form also shows a holding of 261.489 shares held indirectly through an IRA.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing. While it indicates a previous error, the correction itself is a positive step towards transparency. The sentiment is neutral to slightly positive.
Negatives
- The original Form 4 contained inaccuracies regarding the vesting and reporting of 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
- The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Date of earliest transaction (incorrectly reported vesting of shares in original filing). |
| 01/26/2024 | Date of incorrectly reported vesting of shares in original filing. |
| 01/29/2024 | Date of original Form 4 filing containing errors. |
| 08/08/2024 | Date of amended Form 4 filing to correct errors. |
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