Form 4: LINKBANCORP CEO and Vice Chairman Reports Significant Equity Grant and Ownership Updates

LINKBANCORP, Inc.'s CEO and Vice Chairman, Andrew S. Samuel, reported the acquisition of 25,000 restricted stock units and updated his beneficial ownership, including derivative securities and indirect holdings.

Summary

• Andrew S. Samuel, CEO and Vice Chairman, and a Director of LINKBANCORP, Inc. (LNKB), reported changes in his beneficial ownership of company securities.
• On June 13, 2024, Mr. Samuel acquired 25,000 shares of Common Stock in the form of restricted stock units (RSUs) at a price of $0. These RSUs are scheduled to vest at a rate of 33.33% per year, commencing on June 13, 2026.
• Following this transaction, Mr. Samuel's direct beneficial ownership of Common Stock is 59,668 shares. This total includes 16,000 shares of restricted stock vesting at 20% per year from August 31, 2024, and 16,000 restricted stock units vesting at 33.33% per year from May 23, 2025.
• On June 13, 2025, 300 shares of restricted stock units were acquired indirectly by Mr. Samuel's daughter, who shares the same household. These RSUs also vest at 33.33% per year commencing on June 13, 2026. Mr. Samuel disclaims beneficial ownership of these shares.
• Indirect beneficial ownership also includes 6,060 shares held by his daughter's IRA.
• Mr. Samuel directly holds 40,000 stock options with an exercise price of $10, exercisable from October 19, 2020, and expiring on October 19, 2029.
• He also directly holds 907,240 warrants with an exercise price of $10, exercisable from January 3, 2019, and expiring on January 3, 2029.
• Indirectly, through his daughter (beneficial ownership disclaimed), Mr. Samuel's household holds additional stock options: 7,500 options at $10 (expiring June 14, 2029), 500 options at $7 (vesting 20% annually from August 31, 2024, expiring August 31, 2033), and 1,000 options at $6.58 (vesting 20% annually from May 23, 2025, expiring May 23, 2034).

Sentiment

Score: 6

Explanation: The filing reports an equity grant to a key executive, aligning their interests with long-term company performance, which is generally viewed as a neutral to slightly positive event for corporate governance and executive retention.

Positives

• The grant of 25,000 restricted stock units to the CEO and Vice Chairman aligns executive incentives with long-term shareholder value creation.
• The acquisition of equity by a key executive demonstrates continued commitment to the company's future performance.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's financial performance or strategic outlook, as it is a disclosure of insider ownership changes.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions and beneficial ownership, common across all publicly traded companies. It does not provide information on broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 300 restricted stock units, 7,500 stock options, 500 stock options, and 1,000 stock options by Mr. Samuel's daughter, who shares the same household. Mr. Samuel disclaims beneficial ownership of these securities.

Stakeholder Impact

• Shareholders: Increased transparency regarding executive ownership and compensation structure.
• Management/Executives: The equity grant serves as an incentive and retention tool for the CEO and Vice Chairman.

Next Steps

• Vesting of 25,000 restricted stock units commencing on June 13, 2026.
• Vesting of 300 restricted stock units (indirectly held) commencing on June 13, 2026.
• Continued vesting of previously granted restricted stock and restricted stock units on their respective schedules (e.g., August 31, 2024, and May 23, 2025).

Key Dates

Keywords

LINKBANCORP, LNKB, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, Stock Options, Warrants, Executive Compensation, Andrew S. Samuel