Form 4: Embassy Bancorp Director Receives Stock Grant

Sentiment:

Insider Transaction Report


Embassy Bancorp, Inc. Director Bernard M. Lesavoy reported the acquisition of 1,812 shares of common stock through a grant under the company's 2010 Stock Incentive Plan.

Better than expectedDirector Bernard M. Lesavoy received a grant of 1,812 shares of common stock, increasing his beneficial ownership in the company.The shares were granted at a price of $0, indicating a non-cash compensation benefit to the director.

Summary

  • Director Bernard M. Lesavoy acquired 1,812 shares of Embassy Bancorp, Inc. common stock.
  • The shares were granted pursuant to the company's 2010 Stock Incentive Plan at a price of $0 per share.
  • The transaction date for this acquisition was February 10, 2026.
  • Following this transaction, Mr. Lesavoy directly owns 131,876.6342 shares of common stock.
  • Mr. Lesavoy also indirectly beneficially owns shares through various entities and trusts, including 50,554 shares by IRA, 10,473.727 shares as PUGTMA for a daughter, 8,628.9651 shares as PUGTMA for a son, 7,802.1357 shares as PUGTMA for another son, 2,839 shares by Spouse IRA, and 1,564.6084 shares by Red Bird Associates LLC.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as a director receiving a stock grant indicates continued alignment of interests with shareholders and is a form of non-cash compensation.

Positives

  • Director Bernard M. Lesavoy received a grant of 1,812 shares of common stock, increasing his direct beneficial ownership in Embassy Bancorp, Inc.
  • The stock grant, provided at a $0 price, serves as a form of non-cash compensation and aligns the director's interests with those of shareholders.

Negatives

  • No specific negatives are identified in this insider transaction report.

Risks

  • No specific risks are mentioned in this Form 4 filing.

Future Outlook

Not applicable; this filing reports a past insider transaction and does not contain forward-looking statements or guidance.

Management Comments

  • No direct management comments or notable quotes are included in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider stock grants are a common practice across industries, particularly in financial services, to incentivize and align the interests of directors and executives with long-term company performance and shareholder value. This grant to a director of Embassy Bancorp, Inc. is consistent with typical corporate compensation strategies.

Comparison to Industry Standards

  • Insider stock grants are a standard component of executive and director compensation packages across publicly traded companies, including those in the banking sector.
  • While specific grant sizes vary based on company size, individual role, and compensation philosophy, a grant of 1,812 shares to a director is within the typical range for a community bank like Embassy Bancorp, Inc. Without specific comparative data on peer grants, it is difficult to assess against specific benchmarks, but the mechanism itself is standard.

Management Changes

RolePrevious PersonNew PersonEffective DateReason

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Power of Attorney EstablishmentBernard M. Lesavoy established a Power of Attorney on January 19, 2018, authorizing specific individuals to complete and execute Forms 3, 4, and 5 on his behalf for Section 16 reporting purposes.2018-01-19This streamlines the compliance process for insider trading reporting requirements for the director, ensuring timely and accurate filings.

Legal Proceedings

  • No legal proceedings are mentioned in this filing.

Related Party Transactions

  • The grant of 1,812 shares of common stock to Director Bernard M. Lesavoy under the 2010 Stock Incentive Plan constitutes a related party transaction.

Stakeholder Impact

  • **Shareholders**: The grant slightly increases the director's equity stake, potentially enhancing alignment of interests, though it represents a minor dilution if new shares are issued.
  • **Director (Bernard M. Lesavoy)**: Directly benefits from increased equity ownership in the company and receives non-cash compensation.

Next Steps

  • No specific future actions or milestones are mentioned in this Form 4 filing beyond the reported transaction.

Key Dates

DateDescription
2018-01-19Date of Power of Attorney granted by Bernard M. Lesavoy for Section 16 filings.
2026-02-10Date of stock acquisition transaction by Director Bernard M. Lesavoy.
2026-02-11Date of filing signature by Laura A. Suplee under Power of Attorney.

Keywords

Embassy Bancorp, EMYB, Insider Transaction, Form 4, Stock Grant, Director Ownership, Beneficial Ownership, Stock Incentive Plan

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