Form 4: Ohio Valley Banc Corp Executive Acquires Shares Through Dividend Reinvestment and ESOP

Scott W. Shockey, EVP/CFO of Ohio Valley Banc Corp, acquired additional shares through a dividend reinvestment plan and ESOP allocations.

Summary

• Scott W. Shockey, the EVP/CFO of Ohio Valley Banc Corp, has reported a change in beneficial ownership of the company's stock.
• On December 30, 2024, Mr. Shockey acquired 26.7561 common shares at a price of $24.23 per share through a dividend reinvestment plan.
• The report also reflects an increase in shares held indirectly through the company's ESOP, with a total of 11,160.7591 shares held in this manner.
• The total direct holdings after the transaction are 774.0067 shares.
• The report was filed on December 31, 2024.

Sentiment

Score: 7

Explanation: The document reflects routine transactions and indicates a positive alignment of executive and company interests. There are no negative implications.

Positives

• The acquisition of shares through the dividend reinvestment plan indicates confidence in the company's future performance.
• The increase in ESOP holdings suggests a positive alignment of employee and company interests.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of executives participating in dividend reinvestment plans and ESOPs.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the US.
• The transactions reported are typical for executives who participate in dividend reinvestment plans and employee stock ownership programs.
• Similar filings are regularly made by executives at comparable financial institutions such as First Financial Bancorp (FFBC) and WesBanco (WSBC).

Stakeholder Impact

• The transactions are likely to have a minor positive impact on shareholders as they indicate confidence from the executive team.
• The ESOP allocations benefit employees by increasing their ownership stake in the company.

Key Dates

Keywords

Ohio Valley Banc Corp, OVBC, insider trading, beneficial ownership, dividend reinvestment, ESOP, executive, Form 4, SEC