Form 4: Embassy Bancorp Director Lesavoy Reports Share Allocation Increase
SEC Form 4 Filing
Director Bernard M. Lesavoy reports an increase in share allocation through Red Bird Associates LLC.
Summary
- Bernard M. Lesavoy, a director of Embassy Bancorp, Inc., filed a Form 4 indicating changes in beneficial ownership of the company's common stock.
- The report details an increase of 51 shares allocated to Lesavoy through Red Bird Associates LLC on June 1, 2024, at a price of $0 per share.
- Following the transaction, Lesavoy directly owns 116,931.1541 shares and indirectly owns shares through various entities including Red Bird Associates LLC (463 shares), PUGTMA accounts for his daughter (9,892.1686 shares) and sons (8,149.9486 and 7,369.0789 shares), and spousal and personal IRAs (2,839 and 47,463 shares respectively).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The director's increased allocation could be interpreted as a sign of confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Date of Power of Attorney granted by Bernard M. Lesavoy. |
| December 18, 2024 | Date of signature on the Form 4 filing. |
| June 01, 2024 | Date of the transaction involving the allocation of shares. |
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