Form 4: Embassy Bancorp EVP Receives Restricted Stock Grant

Embassy Bancorp's Sr. Executive Vice President, Diane Maria Cunningham, was granted 838 shares of restricted common stock.

Summary

• Diane Maria Cunningham, Sr. Executive Vice President of Embassy Bancorp, Inc. (EMYB), acquired 838 shares of common stock through a restricted stock grant on December 15, 2025.
• The restricted shares were granted at a price of $0 and will vest one-third each year over a three-year period.
• Following this transaction, Diane Maria Cunningham directly beneficially owns 15,837.4241 shares of common stock.
• Direct beneficial ownership includes 167.266182 shares acquired under the Embassy Bancorp, Inc. Employee Stock Purchase Plan and 321.886760 shares acquired via the dividend reinvestment plan.
• Indirect beneficial ownership includes 2,508 shares held by an IRA and 2,940 shares held by a Spouse IRA.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a senior executive is a positive sign of continued alignment between management and shareholder interests, though it does not directly reflect on the company's operational or financial performance.

Positives

• The grant of restricted stock aligns the executive's interests with long-term shareholder value, as the shares vest over a three-year period.

Future Outlook

The restricted stock grant includes a vesting schedule of one-third each year over a three-year period, indicating future ownership and continued incentive alignment for the executive.

Industry Context

This transaction represents a routine executive compensation event within the financial services industry, where restricted stock grants are a common method to incentivize and retain senior management by aligning their interests with long-term company performance.

Comparison to Industry Standards

• Restricted stock grants with multi-year vesting schedules are a standard component of executive compensation packages across the banking and financial services sector, comparable to practices at regional banks and financial institutions of similar size to Embassy Bancorp, Inc.

Corporate Governance

Related Party Transactions

• The grant of 838 shares of restricted common stock to Sr. Executive Vice President Diane Maria Cunningham constitutes a related party transaction as part of executive compensation.

Stakeholder Impact

• Shareholders: The grant aligns the executive's long-term interests with shareholder value through a multi-year vesting schedule.
• Employees: The transaction is part of the company's executive compensation strategy, potentially influencing overall compensation philosophy.

Next Steps

• The restricted shares granted will vest one-third each year over the next three years, subject to continued employment.

Key Dates

Recommendation

This Form 4 reports a routine restricted stock grant to a senior executive, which is a standard compensation practice and does not provide new material information to alter an investment thesis for Embassy Bancorp, Inc. The transaction aligns executive incentives with long-term shareholder value but does not indicate a change in the company's fundamental outlook.

Keywords

Embassy Bancorp, EMYB, Form 4, Insider Transaction, Restricted Stock, Stock Grant, Executive Compensation, Beneficial Ownership