Form 4: Embassy Bancorp Director Frank Banko III Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Frank Banko III reports acquiring 1,899 shares of Embassy Bancorp, Inc. common stock on March 1, 2024, increasing his direct holdings to 519,775.3884 shares.
Summary
- On March 1, 2024, Frank Banko III, a director of Embassy Bancorp, Inc., acquired 1,899 shares of common stock.
- The acquisition was made directly.
- Following the transaction, Banko directly owns 519,775.3884 shares of common stock.
- Banko also has indirect ownership through his spouse (2,775.2299 shares) and Red Bird Associates LLC (2,543 shares).
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing. The director's purchase is a slightly positive signal, but not significantly impactful on its own.
Positives
- The director's acquisition of shares could be seen as a positive signal to the market.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for directors and officers to hold shares in their company, aligning their interests with shareholders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Power of Attorney dated January 19, 2018 |
| 03/01/2024 | Date of transaction: Acquisition of 1,899 shares of common stock |
| 03/05/2024 | Signature date of the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.