Form 4: Evans Bancorp Treasurer John B. Connerton Reports Stock Transactions
SEC Form 4 Filing
John B. Connerton, Treasurer of Evans Bancorp Inc, reports the vesting and disposal of restricted stock units.
Summary
- On March 15, 2024, John B. Connerton, Treasurer of Evans Bancorp Inc, reported the vesting of 277 restricted stock units which converted into common stock at a price of $29.93.
- Following the conversion, Mr. Connerton disposed of 79 shares of common stock on March 21, 2024, at a price of $29.9.
- After these transactions, Mr. Connerton directly owns 16,501.63 shares of Evans Bancorp Inc.
- The reported transactions relate to restricted stock units granted on March 15, 2022, which vest in three equal annual installments.
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 change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2022 | Grant date of 831 restricted stock units vesting in three equal annual installments. |
| 03/15/2024 | Vesting of 277 restricted stock units and conversion to common stock. |
| 03/21/2024 | Disposal of 79 shares of common stock. |
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