4/A: Community Trust Bancorp Executive Corrects Stock Reporting Errors in Amended SEC Filing

Mark Edward Smith, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct errors in previous filings regarding restricted stock vesting and share totals.

Summary

• Mark Edward Smith, an Executive Vice President at Community Trust Bancorp, filed an amended Form 4 with the SEC.
• The amendment corrects errors in a previous Form 4 filed on January 29, 2024, which incorrectly reported the vesting of 81, 17, and 35 restricted stock shares as purchases.
• Vesting shares should not have been reported as separate line items.
• The amended form also adds back 26 shares that were mistakenly removed in 2017 and 2018.
• This mistake was realized on March 8, 2024.
• The corrected line item total is 6,261.8157 shares, comprising 456 restricted shares, 805.8157 regular shares, and 5,000 retention restricted stock shares.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous error. It doesn't indicate any significant positive or negative developments for the company, but the error does reflect poorly on internal controls.

Negatives

• Previous SEC filing on January 29, 2024, contained errors regarding the reporting of restricted stock vesting.
• 26 shares were mistakenly removed in 2017 and 2018 and required correction.

Industry Context

This filing is a routine regulatory disclosure related to insider stock ownership. It doesn't necessarily reflect broader industry trends but highlights the importance of accurate reporting in financial markets.

Stakeholder Impact

• Shareholders benefit from accurate reporting of insider holdings.

Key Dates