Form 4: CSB Bancorp CEO Eddie Steiner Acquires Additional Shares

Eddie Steiner, President & CEO of CSB Bancorp, reports the acquisition of 1,000 shares of common stock at $41 per share, along with an updated power of attorney.

Summary

• Eddie Steiner, the President & CEO of CSB Bancorp, Inc. (CSBB), filed a Form 4 indicating changes in beneficial ownership.
• On April 23, 2025, Steiner acquired 1,000 shares of common stock at a price of $41 per share.
• Following the transaction, Steiner directly owns 30,816.1139 shares and indirectly owns 40,200 shares through an IRA.
• The filing also includes limited powers of attorney, granting Andrea R. Miley and Margaret L. Conn the authority to prepare and file Section 16 reports on Steiner's behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's stock purchase suggests confidence, but it's a relatively small transaction. The power of attorney is a standard administrative procedure.

Positives

• The CEO's purchase of additional shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. This filing indicates the CEO's recent stock purchase and delegation of reporting responsibilities.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• The information disclosed in this filing is consistent with the type of information typically found in similar filings by executives at comparable financial institutions.

Stakeholder Impact

• The CEO's stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

CSB Bancorp, Eddie Steiner, Form 4, Beneficial Ownership, Stock Acquisition, Power of Attorney, CSBB, Section 16