Form 4: Embassy Bancorp CEO David Lobach Jr. Acquires Additional Shares
SEC Form 4 Filing
David Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc., reports the acquisition of 500 shares of common stock at $13.55 per share.
Summary
- On May 28, 2024, David M. Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc. (EMYB), purchased 500 shares of common stock.
- The shares were acquired at a price of $13.55 per share.
- Following the transaction, Lobach directly owns 350,320.1205 shares of Embassy Bancorp common stock.
- Lobach also indirectly owns 121,630 shares through an IRA, 51,985 shares through a Spouse IRA and 858.612 shares as PUGTMA for Grandchild.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase suggests confidence, but it's a relatively small transaction.
Positives
- The CEO's purchase of shares may signal confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. Purchases are generally seen as a positive sign.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Power of Attorney granted to Laura A. Suplee for David M. Lobach, Jr. |
| 05/28/2024 | Date of transaction: Purchase of 500 shares of common stock at $13.55 per share. |
| 05/29/2024 | Date of signature for the Form 4 filing. |
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