Form 4: Evans Bancorp Treasurer John B. Connerton Reports Stock Transactions
SEC Form 4 Filing
John B. Connerton, Treasurer of Evans Bancorp, reports the vesting and subsequent sale of restricted stock units.
Summary
- On March 21, 2024, John B. Connerton, Treasurer of Evans Bancorp, reported the vesting of 313 restricted stock units which converted into common stock.
- These units were part of an award of 939 restricted stock units granted on March 21, 2023, vesting in three equal annual installments.
- Following the vesting, Connerton sold 93 shares of common stock on March 22, 2024, at an average price of $29.84.
- The sales were executed in two tranches: 70 shares at $29.83 and 23 shares at $29.86.
- After these transactions, Connerton directly owns 16,721.63 shares of Evans Bancorp common stock and 626 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Reporting person was granted 939 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/21/2024 | 313 restricted stock units vested and converted into common stock. |
| 03/22/2024 | 93 shares of common stock were sold at an average price of $29.84. |
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