Form 4: EFSI Executive Gains Shares, Sells for Tax

Eagle Financial Services executive Nicholas Peter Smith acquired 3,962 shares through a stock incentive plan and subsequently disposed of 220 shares for tax purposes.

Summary

• Nicholas Peter Smith, an Executive Officer of Eagle Financial Services Inc. (EFSI), reported transactions on January 2, 2026.
• Smith acquired 3,962 shares of Common Stock, $2.50 Par Value, at a price of $0 per share, as an issuance under the Company's Stock Incentive Plan.
• Following this acquisition, Smith's beneficial ownership increased to 7,971 shares.
• On the same date, Smith disposed of 220 shares of Common Stock, $2.50 Par Value, at a price of $39.44 per share.
• After both transactions, Smith beneficially owns 7,751 shares of Common Stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive due to the executive receiving a significant stock grant, aligning interests with shareholders. The subsequent sale of a smaller portion for tax purposes is a routine event and does not significantly detract from the overall positive signal of the grant.

Positives

• Executive Officer Nicholas Peter Smith received 3,962 shares under the Company's Stock Incentive Plan, indicating continued alignment of management interests with shareholder value.
• The issuance of shares at $0 price suggests a grant or award, which is a common form of executive compensation.

Negatives

• Nicholas Peter Smith disposed of 220 shares of common stock at $39.44 per share, which, while likely for tax purposes, represents a reduction in direct beneficial ownership.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing common in the financial services industry, reflecting executive compensation through stock incentive plans and subsequent tax-related dispositions. Such filings provide transparency into management's equity holdings and compensation structures.

Corporate Governance

Stakeholder Impact

• Shareholders: The increase in executive ownership (net of tax sales) through an incentive plan generally aligns management's interests with shareholder value creation.
• Employees: The stock incentive plan is a form of compensation that can motivate executives.

Key Dates

Keywords

EFSI, Eagle Financial Services, Form 4, Insider Transaction, Stock Incentive Plan, Executive Compensation, Share Acquisition, Share Disposition, Rule 10b5-1