Form 4: Embassy Bancorp Director Patti Gates Smith Reports Acquisition of Shares
SEC Form 4 Filing
Director Patti Gates Smith reported the acquisition of 1,892 shares of Embassy Bancorp, Inc. common stock on February 3, 2025, through a grant under the 2010 Stock Incentive Plan.
Summary
- On February 3, 2025, Patti Gates Smith, a director of Embassy Bancorp, Inc., acquired 1,892 shares of common stock.
- The acquisition was a grant under the company's 2010 Stock Incentive Plan.
- The shares were acquired at a price of $0.
- Following the transaction, Ms. Smith beneficially owns 247,117.9781 shares indirectly through the Patti G. Smith Living Trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing indicating a director's acquisition of shares through a stock incentive plan. It doesn't inherently convey positive or negative sentiment, but the acquisition itself could be interpreted as a sign of confidence.
Positives
- The acquisition of shares by a director could be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
No specific future outlook is provided in this document.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in the financial industry. It provides transparency regarding the ownership of company stock by its directors.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| January 19, 2018 | Date of Power of Attorney granted by Patti Gates Smith. |
| February 03, 2025 | Date of transaction: acquisition of 1,892 shares of common stock. |
| February 04, 2025 | Date of signature on the Form 4 filing. |
Keywords
Embassy Bancorp, Director, Stock Incentive Plan, Beneficial Ownership, Form 4, Securities Exchange Act, Patti Gates Smith, Shares, Acquisition
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