Form 4: LCNB Chairman Spencer Cropper Boosts Stake

LCNB Corp's Chairman, Spencer S Cropper, acquired 974 shares of common stock at $17.46 per share, increasing his direct beneficial ownership.

Summary

• Spencer S Cropper, Chairman and Director of LCNB Corp, acquired 974 shares of LCNB Corp Common Stock.
• The transaction occurred on February 23, 2026, at a price of $17.46 per share.
• Following this transaction, Mr. Cropper directly beneficially owns 22,961 shares.
• His indirect beneficial ownership includes 3,000 shares by his spouse, 105,126 shares through a Family Limited Partnership (in which he owns a 50% interest), and 4,900 shares each held by two custodians for OHUTMA accounts.
• Total beneficial ownership (direct and indirect) amounts to 140,887 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive signal, indicating management's confidence in the company's valuation and future performance through a direct share purchase by the Chairman.

Positives

• Spencer S Cropper, the Chairman and a Director, directly purchased 974 shares of LCNB Corp common stock.
• The acquisition at $17.46 per share demonstrates management's direct investment and confidence in the company's current valuation and future performance.
• This transaction increases Mr. Cropper's direct beneficial ownership to 22,961 shares, reinforcing alignment with shareholder interests.

Negatives

• No explicit negatives are reported in this Form 4 filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Management Comments

• This Form 4 filing does not contain notable quotes or paraphrased statements from company management.

Industry Context

StockSavvy.ai notes that insider purchases, especially by a Chairman, often signal management's confidence in the company's future prospects and current valuation, which can be a positive indicator for the market.

Comparison to Industry Standards

• N/A. This filing reports an individual insider transaction and does not provide company-wide performance metrics for industry comparison.

Management Changes

Corporate Governance

Legal Proceedings

• No litigation or regulatory matters are mentioned in this Form 4 filing.

Related Party Transactions

• The filing discloses indirect beneficial ownership through a Family Limited Partnership where Mr. Cropper owns a 50% interest, which is a standard disclosure for beneficial ownership rather than a new related party transaction.

Stakeholder Impact

• Shareholders may view the Chairman's direct purchase of shares as a positive sign of confidence in the company's future, potentially influencing investor sentiment.

Next Steps

• No future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

The Chairman's direct purchase of shares signals strong confidence in LCNB Corp's future prospects and current valuation, which could be a positive indicator for investors.

Keywords

LCNB, Spencer Cropper, insider trading, Form 4, stock acquisition, beneficial ownership, director, chairman