4/A: Executive Vice President Ricky D. Sparkman Corrects Previous SEC Filing Regarding Dividend Reinvestment Plan
SEC Filing Amendment
Ricky D. Sparkman, 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) shares.
Summary
- Ricky D. Sparkman, an Executive Vice President at Community Trust Bancorp Inc, filed an amended Form 4 with the SEC.
- The amendment corrects errors in a previous filing from November 21, 2023, concerning the reporting of shares acquired through the company's Dividend Reinvestment Plan (DRIP).
- The original filing inadvertently listed DRIP shares as private purchases or open market acquisitions.
- The corrected Form 4 clarifies the holdings, breaking them down into regular shares, restricted shares, Raymond James investments, IRA holdings, ESOP holdings, and 401k holdings.
- The corrected holdings are 18,735.9429 shares (regular, restricted, and Raymond James), 258.0350 shares (IRA), 11,212.6362 shares (ESOP), and 8,639.7590 shares (401k).
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 compliance and transparency.
Negatives
- The need for an amended filing indicates an initial error in reporting share acquisitions.
Industry Context
Form 4 filings are a standard part of insider trading regulations, requiring transparency in the ownership of company stock by its executives and directors. Amendments are sometimes necessary to correct errors or omissions in the original filings.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 07/03/2023 | Date of earliest transaction related to the DRIP shares. |
| 11/21/2023 | Date of original Form 4 filing that contained the error. |
| 08/08/2024 | Date of the amended Form 4 filing. |
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