Form 4: LCNB Director Executes Pre-Planned Stock Sale

LCNB Corp Director William G Huddle sold 3,000 shares of common stock at $15.51 per share as part of a Rule 10b5-1 trading plan.

Summary

• William G Huddle, a Director of LCNB Corp, reported a sale of company common stock.
• The transaction involved the disposition of 3,000 shares at a price of $15.51 per share.
• The sale was executed on November 12, 2025, and was made pursuant to a Rule 10b5-1 trading plan.
• Following this transaction, Mr. Huddle directly beneficially owns 146,448 shares of LCNB Corp Common Stock.
• Additionally, Mr. Huddle indirectly beneficially owns 20,430 shares, comprising 15,530 shares held by his spouse and 4,900 shares held as custodian for seven OHUTMA accounts (700 shares each).

Sentiment

Score: 4

Explanation: The sale of shares by a director, even if pre-planned under a 10b5-1 plan, represents a reduction in insider ownership. While less negative than an unscheduled sale, it does not signal increased confidence or positive developments. The impact is generally neutral to slightly negative as it removes some shares from insider hands.

Negatives

• A reduction in direct insider ownership by 3,000 shares, which could be interpreted by some investors as a decrease in management's direct stake in the company's future performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may interpret the reduction in insider ownership as a neutral to slightly negative signal, although the 10b5-1 plan mitigates concerns about immediate confidence.

Key Dates

Recommendation

The sale of shares by a director, while a reduction in insider ownership, was conducted under a Rule 10b5-1 plan, suggesting it is part of a pre-arranged personal financial strategy rather than a reaction to new company-specific information. This transaction alone does not provide sufficient new information to warrant a change from a 'hold' position, but investors should monitor future insider activity and company performance.

Keywords

LCNB, insider transaction, stock sale, director, 10b5-1 plan, beneficial ownership, equity disposition, Form 4