Form 4: Evans Bancorp CEO David Nasca Executes Option and Sells Shares
SEC Form 4 Filing
David Nasca, President and CEO of Evans Bancorp, exercised options to acquire 1,434 shares of common stock at $24.72 and simultaneously sold the same amount at $38.8112 on March 13, 2025.
Summary
- On March 13, 2025, David J. Nasca, President and CEO of Evans Bancorp, executed options to acquire 1,434 shares of common stock at a price of $24.72 per share.
- Simultaneously, Nasca sold 1,434 shares of common stock at a price of $38.8112 per share.
- Following these transactions, Nasca directly owns 104,430.76 shares of Evans Bancorp.
- Nasca also holds options for 1,434 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 03/17/2016 | Option exercisable date |
| 03/17/2025 | Option expiration date |
| 03/13/2025 | Date of transaction: option exercise and share sale |
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