4/A: Community Trust Bancorp Executive Corrects Stock Transaction Reporting
SEC Filing
Richard W. Newsom, Executive Vice President of Community Trust Bancorp, files an amended Form 4 to correct inaccuracies in a previous report regarding stock acquisitions under the company's Dividend Reinvestment Plan.
Summary
- Richard W. Newsom, an Executive Vice President at Community Trust Bancorp Inc., filed an amended Form 4 on August 02, 2024, to correct a previous filing from January 25, 2023.
- The original filing incorrectly reported 54.4980 and 7.47 shares acquired through the Dividend Reinvestment Plan (DRIP) as private purchases or open market transactions.
- The corrected form shows an acquisition of 1,427 shares at $42.31 on January 24, 2023, and updates the total beneficially owned shares to 9,860.9214, broken down as 2,482 restricted, 1,474.5394 regular, 5,780.3820 LPL, and 124 Spouse.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating a neutral sentiment. The correction ensures accuracy and transparency, which is generally viewed positively.
Industry Context
This filing is a routine disclosure related to insider trading and beneficial ownership, ensuring transparency in the market.
Stakeholder Impact
- The correction of the Form 4 filing ensures accurate information for shareholders regarding insider transactions and beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Date of Earliest Transaction |
| 01/24/2023 | Date of stock acquisition |
| 01/25/2023 | Date of original Form 4 filing |
| 08/02/2024 | Date of amended Form 4 filing |
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