Form 4: Embassy Bancorp CEO David Lobach Jr. Acquires Additional Shares
SEC Form 4
David Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc., reports the acquisition of 100 shares of common stock at $15.4 per share.
Summary
- On September 6, 2024, David M. Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc., acquired 100 shares of common stock at a price of $15.4 per share.
- Following this transaction, Mr. Lobach directly owns 350,325.907 shares of common stock.
- He also indirectly owns 53,000 shares through a spouse's IRA, 122,850 shares through an IRA, and 882.151 shares as PUGTMA for a grandchild.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as the CEO's purchase of shares suggests confidence in the company. However, it's a small transaction.
Positives
- The CEO's purchase of additional shares may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. CEO's buying shares is generally seen as a positive sign.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Date of Power of Attorney granted by David M. Lobach Jr. |
| September 6, 2024 | Date of common stock transaction. |
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