Form 4: Evans Bancorp CEO David Nasca Reports Stock Transactions
SEC Form 4 Filing
David Nasca, President and CEO of Evans Bancorp, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On March 21, 2025, David Nasca, the President and CEO of Evans Bancorp, exercised 798 restricted stock units (RSUs) at a price of $38.71, converting them into common stock.
- Following this transaction, Nasca directly owns 107,978.76 shares of common stock.
- On March 24, 2025, Nasca disposed of 368 shares of common stock at a price of $39.3056.
- After this disposal, Nasca directly owns 107,610.76 shares of common stock.
- The reported transactions relate to RSUs granted on March 21, 2023, which vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common for executives of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date the reporting person was granted 2,394 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/21/2025 | Date of transaction where 798 restricted stock units were exercised and converted into common stock. |
| 03/24/2025 | Date of transaction where 368 shares of common stock were disposed of. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Evans Bancorp, EVBN, David Nasca, Stock Transaction, Restricted Stock Units, Common Stock, Officer, Director
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