Form 4: Embassy Bancorp Director Patti Gates Smith Acquires Restricted Stock

Director Patti Gates Smith acquired 2,118 shares of restricted stock in Embassy Bancorp, Inc. on March 1, 2024.

Summary

• Patti Gates Smith, a director of Embassy Bancorp, Inc., reported a transaction on March 1, 2024.
• She acquired 2,118 shares of common stock as restricted stock granted pursuant to the 2010 Stock Incentive Plan.
• The acquisition price was $0.
• Following the transaction, Ms. Smith directly owns 0 shares and indirectly owns 248,186.7095 shares of Embassy Bancorp, Inc.
• The indirect ownership is held by self as trustee of the Patti G. Smith Living Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition. The acquisition of restricted stock by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Positives

• The acquisition of restricted stock by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The acquisition of restricted stock by a director could have a slightly positive impact on shareholder sentiment.

Key Dates