Form 4: Embassy Bancorp CEO David Lobach Jr. Reports Stock Purchase
SEC Form 4 Filing
David Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc., reported the purchase of 70 shares of common stock at $13.45 per share on June 11, 2024.
Summary
- On June 11, 2024, David M. Lobach Jr., the Chairman, President, and CEO of Embassy Bancorp, Inc. (EMYB), reported a transaction involving the company's common stock.
- Lobach purchased 70 shares at a price of $13.45 per share.
- Following the transaction, Lobach directly owns 350,320.1205 shares of common stock.
- He also indirectly owns 122,000 shares through an IRA, 51,956 shares through a Spouse IRA and 858.612 shares as PUGTMA for Grandchild.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports a transaction. The CEO buying shares is generally a positive sign, but the quantity is small.
Positives
- The CEO's purchase of shares could be interpreted positively, signaling confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The stock purchase by the CEO may positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Date of Power of Attorney granted by David M. Lobach Jr. |
| June 11, 2024 | Date of the reported stock purchase transaction. |
| June 12, 2024 | Date of signature on the Form 4 filing. |
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