Form 4: Embassy Bancorp Director Patti Gates Smith Sells 3,000 Shares

Director Patti Gates Smith sold 3,000 shares of Embassy Bancorp stock at $16.50 per share on December 11, 2024.

Summary

• Patti Gates Smith, a director at Embassy Bancorp, sold 3,000 shares of the company's common stock on December 11, 2024.
• The sale price was $16.50 per share.
• Following the transaction, Ms. Smith beneficially owns 245,225.9781 shares, which includes 39.2686 shares acquired through a dividend reinvestment plan.
• The majority of her holdings are held indirectly through the Patti G. Smith Living Trust.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of a stock transaction by a company insider, which is common in the financial industry and is required by the SEC.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for publicly traded companies, and this transaction is consistent with those requirements.
• Similar filings are made by directors and officers of other financial institutions when they buy or sell company stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it represents a small portion of the total outstanding shares.
• The sale is a routine transaction and does not indicate any significant change in the company's outlook.

Key Dates

Keywords

Embassy Bancorp, Patti Gates Smith, Director, Stock Sale, Beneficial Ownership, Dividend Reinvestment