Form 4: LINKBANCORP Director Lloyd B. Harrison III Sells 20,000 Shares
SEC Form 4 Filing
Director Lloyd B. Harrison III of LINKBANCORP, Inc. sold 20,000 shares of common stock at $6.03 per share on September 11, 2024.
Summary
- On September 11, 2024, Lloyd B. Harrison III, a director of LINKBANCORP, Inc. (LNKB), sold 20,000 shares of the company's common stock.
- The sale price was $6.03 per share.
- Following the transaction, Harrison directly owns 171,533 shares of common stock, which includes 2,000 shares of restricted stock units vesting annually starting May 23, 2025.
- Harrison also has indirect beneficial ownership of 39,511 shares held in his spouse's IRA account, but he disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock sale transaction. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
| 05/23/2025 | Commencement date for vesting of restricted stock units. |
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