Form 4: Oak Valley Bancorp Director Transfers Shares Held in Trust to Son
SEC Form 4 Filing
Director Danny L. Titus reports the transfer of Oak Valley Bancorp shares held in trust for his son to the son's personal account.
Summary
- On May 14, 2024, Danny L. Titus, a director of Oak Valley Bancorp, reported a transaction on SEC Form 4.
- The transaction involved the transfer of common stock held in trust for Mr. Titus's son to the son's personal account.
- Specifically, 1,218 shares and 5,850 shares were transferred.
- Following the transaction, Mr. Titus beneficially owns 209,855 shares.
- The shares were held directly.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transfer, with no inherent positive or negative implications for the company's financial health or future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a transfer of shares from a trust to an individual.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Transfer of shares held in trust to son's personal account. |
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