LNKB.NASDAQLinkbancorp, INC

Form 4: LINKBANCORP Officer Deirdre Bonora Reports Stock Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Deirdre Bonora, Chief Ops and Tech Officer of LINKBANCORP, reported disposing of 131 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

  • On August 31, 2024, Deirdre Bonora, the Chief Ops and Tech Officer of LINKBANCORP, disposed of 131 shares of common stock at a price of $6.29 per share.
  • This disposal was to satisfy tax obligations related to the vesting of restricted stock.
  • Following the transaction, Bonora directly owns 8,986 shares of LINKBANCORP common stock.
  • These holdings include 2,000 shares of restricted stock vesting at 20% per year starting August 31, 2024, and 6,000 restricted stock units vesting at 33.33% per year starting May 23, 2025.
  • Bonora also holds options for 5,000 shares of common stock, vesting at 20% per year starting December 22, 2023.

Sentiment

Score: 5

Explanation: This is a neutral filing related to tax obligations, with no inherent positive or negative implications for the company's performance.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. Such filings are common and provide transparency into the trading activities of company executives.

Key Dates

DateDescription
12/22/2023Stock options vest at a rate of 20% per year commencing on this date.
08/31/2024Date of the stock disposal transaction and commencement of vesting for 2,000 restricted shares at 20% per year.
05/23/2025Commencement of vesting for 6,000 restricted stock units at 33.33% per year.
12/22/2032Expiration date for stock options.
09/04/2024Date of the form filing.

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