Form 4: Embassy Bancorp Director Frank Banko III Acquires Shares
SEC Form 4 Filing
Director Frank Banko III reports the acquisition of Embassy Bancorp shares through a transaction on March 20, 2025.
Summary
- On March 20, 2025, Frank Banko III, a director of Embassy Bancorp, Inc., acquired shares of common stock.
- The transaction involved the purchase of 4,053.2564 shares at a price of $15.74 per share.
- Following the transaction, Banko directly owns 521,482.3884 shares of common stock.
- He also indirectly owns 8,457.6386 shares through Red Bird Associates LLC and 2,941.3189 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The director's purchase could be seen as mildly positive, but it's not a strong indicator.
Positives
- The director's purchase could be interpreted as a positive signal about their confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company insiders, which can be relevant to investors.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Date of Power of Attorney execution, authorizing individuals to act on Frank Banko III's behalf for SEC filings. |
| March 20, 2025 | Date of the transaction where Frank Banko III acquired Embassy Bancorp common stock. |
| March 24, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, director, Embassy Bancorp, share acquisition, Banko
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