Form 4: Glen Burnie Bancorp CEO Acquires Additional Shares
SEC Form 4 Filing
Mark C. Hanna, President and CEO of Glen Burnie Bancorp, reports the purchase of 400 shares of common stock at $5.20 per share.
Summary
- On April 4, 2024, Mark C. Hanna, the President and CEO of Glen Burnie Bancorp, acquired 400 shares of common stock.
- The purchase price was $5.20 per share.
- Following the transaction, Hanna directly owns 2,600 shares of Glen Burnie Bancorp.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is generally seen as a positive sign, but the quantity is relatively small.
Positives
- The CEO's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's performance and management's confidence.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Mark C. Hanna purchased 400 shares of common stock. |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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