Form 4: Community Trust Bancorp Executive Vice President Reports Stock Disposal

Kevin J. Stumbo, Executive Vice President of Community Trust Bancorp, reports the disposal of 50 shares of common stock at $42.49 on July 3, 2024, and updates beneficial ownership.

Summary

• Kevin J. Stumbo, an Executive Vice President at Community Trust Bancorp Inc., filed a Form 4.
• The form reports a transaction on July 3, 2024, where 50 shares of common stock were disposed of at a price of $42.49 per share.
• Following the transaction, Stumbo directly owns 4,861.1011 shares of common stock.
• Stumbo also indirectly owns 12,905.6759 shares through an ESOP, 13,851.8386 shares through a 401k, 910.2964 shares through a spouse's ESOP, and 505.3961 shares through a spouse's 401k.
• The direct holdings include a DRIP (Dividend Reinvestment Plan) acquisition of 33.4889 shares on July 1, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by an executive. The disposal of shares is a slightly negative signal, but the overall impact is likely minimal.

Negatives

• The reporting person disposed of 50 shares of common stock.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the executive's stock disposal, but the overall effect is likely insignificant.

Key Dates