Form 4: Evans Bancorp CEO David Nasca Executes Stock Options and Sells Shares
SEC Form 4
Evans Bancorp CEO David Nasca exercised stock options and sold a portion of the acquired shares, resulting in adjustments to his holdings.
Summary
- On March 12, 2024, David Nasca, President and CEO of Evans Bancorp Inc., exercised options to acquire 3,565 shares of common stock at a price of $22.93 per share.
- On the same day, Nasca disposed of 2,813 shares at $29.06 per share.
- On March 14, 2024, Nasca exercised options to acquire 1,105 shares of common stock at a price of $22.93 per share.
- Also on March 14, 2024, Nasca sold 1,105 shares at $29.0936 per share.
- Following these transactions, Nasca directly owns 95,913.39 shares of Evans Bancorp Inc.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Nasca exercised options for 3,565 shares and disposed of 2,813 shares. |
| 03/14/2024 | Nasca exercised options for 1,105 shares and sold 1,105 shares. |
| 04/24/2024 | Expiration date of options exercised. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.