Form 4: Fidelity D & D Bancorp Executive Acquires Shares and Holds Stock Appreciation Rights

Michael J. Pacyna Jr., Executive VP & CLO of Fidelity D & D Bancorp Inc, reports acquisition of common stock and holdings in stock appreciation rights.

Summary

• On February 18, 2025, Michael J. Pacyna Jr., Executive VP & CLO of Fidelity D & D Bancorp Inc, acquired 1,098 shares of restricted common stock at $45.09 per share.
• Following the transaction, Pacyna directly owns 10,050.1314 shares of common stock.
• Pacyna also holds stock appreciation rights relating to 6,664 shares of common stock from grants in 2016, 2017, 2018 and 2019.
• These stock appreciation rights have various expiration dates ranging from February 1, 2026, to February 4, 2029.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The stock purchase could be seen as mildly positive, indicating confidence, but it's not a major event.

Positives

• An executive's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry. It provides transparency regarding the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock, are standard practice in the banking industry to incentivize performance and retain key personnel.
• The vesting schedule and expiration dates of the stock appreciation rights are typical for such grants.

Stakeholder Impact

• The stock purchase by an executive could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Appreciation Rights, Executive Compensation, FDBC, Fidelity D & D Bancorp, Michael J. Pacyna Jr., Stock Acquisition