Form 4: Embassy Bancorp CEO David Lobach Jr. Reports Stock Purchase
SEC Form 4 Filing
David M. Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc., reports the acquisition of 1,288 shares of common stock at $15.74 per share.
Summary
- David M. Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, Inc., filed a Form 4 on March 24, 2025, reporting a transaction in the company's common stock.
- On March 20, 2025, Lobach acquired 1,288 shares of common stock at a price of $15.74 per share.
- Following the reported transaction, Lobach directly owns 358,300.907 shares of Embassy Bancorp, Inc.
- Lobach also indirectly owns 957.151 shares as PUGTMA for Grandchild, 120,750 shares by IRA, and 53,300 shares by Spouse IRA.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a stock purchase by the CEO. While insider buying can be seen as a positive signal, it's not overwhelmingly so without additional context.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC when insiders of a company buy or sell the company's securities. They provide transparency into the transactions of company executives and directors.
Stakeholder Impact
- The stock purchase by the CEO could have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Date of Power of Attorney granted by David M. Lobach Jr. |
| March 20, 2025 | Date of common stock purchase. |
| March 24, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Embassy Bancorp, Lobach, Stock Purchase, Beneficial Ownership, Common Stock
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