4/A: Executive Vice President Richard W. Newsom Corrects Form 4 Filing for Community Trust Bancorp Inc. (CTBI)

Richard W. Newsom, Executive Vice President of Community Trust Bancorp Inc., files an amended Form 4 to correct inaccuracies in a previous filing regarding Dividend Reinvestment Plan (DRIP) share acquisitions.

Summary

• Richard W. Newsom, an Executive Vice President at Community Trust Bancorp Inc. (CTBI), filed an amended Form 4 with the SEC.
• The amendment corrects a previous Form 4 filing from April 24, 2024, which incorrectly reported DRIP shares as private purchases or open market acquisitions.
• The corrected filing clarifies that the shares were acquired through the Community Trust Bancorp, Inc. Dividend Reinvestment Plan (DRIP).
• The amended Form 4 shows a line item holding of 10,305.2906 shares.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. While it indicates a previous error, the amendment itself is a positive step towards transparency and accuracy.

Negatives

• The original Form 4 filing contained inaccuracies regarding the nature of share acquisitions.

Industry Context

Form 4 filings are a routine part of insider trading regulations, ensuring transparency in the market. Amendments are sometimes necessary to correct errors and maintain accuracy.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders and the public.

Key Dates