Form 4: Evans Bancorp CEO David Nasca Reports Stock Transactions
SEC Form 4 Filing
Evans Bancorp CEO David Nasca reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 15, 2024, David Nasca, President and CEO of Evans Bancorp Inc., reported the vesting of 706 restricted stock units (RSUs) which converted into common stock at a price of $29.93 per share.
- Following this transaction, Mr. Nasca directly owns 96,619.39 shares of Evans Bancorp common stock.
- On March 21, 2024, Mr. Nasca disposed of 229 shares of common stock at a price of $29.81 per share for tax withholding purposes.
- Following this transaction, Mr. Nasca directly owns 96,390.39 shares of Evans Bancorp common stock.
- The RSUs were granted on March 15, 2022, and vest in three equal annual installments beginning on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment.
Industry Context
This is a routine disclosure of insider transactions, which is common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Grant date of 2,118 restricted stock units vesting in three equal annual installments. |
| 03/15/2024 | Vesting of 706 restricted stock units and conversion to common stock. |
| 03/21/2024 | Disposal of 229 shares for tax withholding. |
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