4/A: Community Trust Bancorp Executive Exercises Options, Amends Previous Filing

David Andrew Jones, Executive Vice President of Community Trust Bancorp, exercised options for 10,000 shares and amended a previous filing to correct the nature of the transaction.

Summary

• David Andrew Jones, an Executive Vice President at Community Trust Bancorp, Inc., filed an amended Form 4 to report changes in beneficial ownership.
• The amendment corrects a previous filing from July 23, 2024, which incorrectly stated that Jones purchased and sold 10,000 shares of common stock.
• The corrected filing shows that Jones exercised options to purchase 10,000 shares of common stock on July 22, 2024, at a price of $49.4242 per share.
• The options were exercised under Rule 16b-3.
• Jones also reported the acquisition of shares through the Community Trust Bancorp, Inc. Dividend Reinvestment Plan (DRIP) on January 2, 2024 (10.764 shares), April 1, 2024 (11.284 shares), and July 1, 2024 (11.027 shares).
• Following the reported transactions, Jones directly owns 8,052.3217 shares of common stock and indirectly owns 11,954.2149 shares through ESOP and 3,199.8874 shares through 401k.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Option exercises are a common way for executives to realize compensation.

Stakeholder Impact

• The exercise of options and subsequent sale of shares could have a minor impact on the stock price, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates