EMYB.OQXEmbassy Bancorp, INC

4/A: Embassy Bancorp Executive Corrects Previous SEC Filing Regarding Share Acquisition

Sentiment:

SEC Filing (Form 4 Amendment)

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David M. Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, files an amended Form 4 to correct a previously reported share acquisition.

Summary

  • David M. Lobach Jr., Chairman, President, and CEO of Embassy Bancorp, filed an amended Form 4 with the SEC on June 4, 2024.
  • The amendment corrects a previous filing from May 24, 2024, which incorrectly reported the acquisition of 30 shares of common stock.
  • The corrected filing reflects the acquisition of 1 share of common stock on May 24, 2024, at a price of $13.5.
  • Following the reported transaction, Lobach beneficially owns 350,320.1205 shares directly, 121,130 shares through an IRA, and 858.612 shares as PUGTMA for a grandchild.
  • He also indirectly owns 51,956 shares through a spouse's IRA.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company.

Negatives

  • The original filing contained an error regarding the number of shares acquired.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Key Dates

DateDescription
January 19, 2018Date of Power of Attorney granted by David M. Lobach Jr.
May 24, 2024Date of original transaction and incorrect Form 4 filing.
May 24, 2024Date of corrected transaction (acquisition of 1 share).
June 04, 2024Date of amended Form 4 filing.

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