Form 4: Oak Valley Bancorp Director Janet S. Pelton Transfers Shares from Family Trust

Director Janet S. Pelton reports a transfer of 1,000 shares of Oak Valley Bancorp common stock from the 1995 Walter W Pelton Family Trust.

Summary

• On February 6, 2025, Janet S. Pelton, a director of Oak Valley Bancorp, reported a transaction involving the company's common stock.
• Ms. Pelton, acting as trustee for the 1995 Walter W Pelton Family Trust, disposed of 1,000 shares.
• The shares were transferred as inheritance to Mrs. Pelton's two daughters, with each receiving 500 shares.
• Following the transaction, Ms. Pelton indirectly owns 60,000 shares through the trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard reporting of a share transfer due to inheritance, not indicative of a positive or negative outlook for the company.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of directors and officers, which can provide insights into their confidence in the company's prospects.

Stakeholder Impact

• The transfer of shares has a minimal impact on shareholders as it is a small portion of the overall outstanding shares.
• The transaction does not directly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Oak Valley Bancorp, OVLY, Form 4, Janet S. Pelton, Director, Share Transfer, Family Trust, Beneficial Ownership, Inheritance