Form 4: Evans Bancorp Treasurer John B. Connerton Reports Stock Transactions

Treasurer of Evans Bancorp, John B. Connerton, reports the vesting and conversion of performance and restricted stock units into common stock, along with subsequent disposal of shares to cover tax obligations.

Summary

• John B. Connerton, Treasurer of Evans Bancorp, reported transactions involving common stock and derivative securities.
• On April 21, 2025, Connerton converted 2,134 performance stock units and 3,431 restricted stock units into common stock at a price of $35.94 per share.
• Following these transactions, Connerton directly owns 26,328.88 shares of Evans Bancorp common stock.
• On April 23, 2025, 2,129 shares were disposed of at $38.1321 per share.
• The performance stock units were subject to a three-year cliff vesting schedule and certain performance criteria, with the shares vesting at 100% of target.
• The 3,431 shares from the restricted stock units represent the final vesting for that grant type.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides information for investors to interpret.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• Shareholders may use this information to assess management's alignment with their interests.

Key Dates

Keywords

Form 4, insider trading, stock options, restricted stock units, performance stock units, EVBN, Evans Bancorp, Connerton John B, stock, securities