Form 4: ESSA Bancorp EVP and CFO Allan A. Muto Reports Changes in Beneficial Ownership

Allan A. Muto, EVP and CFO of ESSA Bancorp, Inc., reports transactions involving common stock, including the disposition of shares to cover tax obligations and the acquisition of restricted stock.

Summary

• Allan A. Muto, the EVP and CFO of ESSA Bancorp, Inc. reported changes in beneficial ownership of the company's common stock.
• On September 30, 2024, Muto disposed of 926 shares of common stock at a price of $19.22 per share to cover tax obligations related to vesting restricted stock.
• On October 1, 2024, Muto acquired 2,693 shares of common stock at $0.
• Following these transactions, Muto directly owns 103,825 shares of common stock.
• Muto also indirectly owns 12,400 shares through a 401(k) and 18,671 shares through an ESOP.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments.

Positives

• The acquisition of 2,693 shares of restricted stock indicates continued alignment with the company's long-term performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with the most knowledge of the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates