Form 4: Embassy Bancorp Director Bernard M. Lesavoy Reports Acquisition of Restricted Stock

Director Bernard M. Lesavoy reports acquisition of 4,236 shares of restricted stock in Embassy Bancorp, Inc.

Summary

• On March 1, 2024, Bernard M. Lesavoy, a director of Embassy Bancorp, Inc., acquired 4,236 shares of common stock.
• These shares were granted as restricted stock under the 2010 Stock Incentive Plan.
• Following the transaction, Lesavoy directly owns 116,931.1541 shares of common stock.
• Lesavoy also indirectly owns shares through various entities and accounts, including PUGTMA accounts for his children, Red Bird Associates LLC, and spousal and personal IRAs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of stock by a director is generally viewed positively, but the document itself is simply a reporting requirement.

Positives

• The acquisition of restricted stock aligns the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction increases the director's stake in the company, potentially aligning his interests more closely with those of shareholders.

Key Dates