Form 4: OVBC EVP/Secretary Reports Share Ownership Changes
Insider Transaction Report
Ohio Valley Banc Corp. EVP/Secretary Tom Shepherd reported changes in his beneficial ownership of common shares, including acquisitions via dividend reinvestment and ESOP adjustments.
Summary
- Tom Ray Shepherd, EVP/Secretary of Ohio Valley Banc Corp. (OVBC), reported changes in his beneficial ownership of company common shares.
- The transactions occurred on December 30, 2025, and were made pursuant to a Rule 10b5-1(c) plan.
- Shepherd acquired 5.4616 common shares directly at a price of $40.13 per share.
- The direct beneficial ownership balance following this transaction is 202.1328 common shares, which includes shares acquired through a dividend reinvestment plan.
- Indirect beneficial ownership through an ESOP is 9,464.8391 common shares, reflecting allocations and dispositions since the last report.
Sentiment
Score: 5
Explanation: Neutral. A Form 4 is a factual report of insider transactions. The acquisition of shares via dividend reinvestment is a minor positive, but there are no significant open market purchases or sales to indicate strong sentiment.
Positives
- An insider acquired additional shares, albeit a small amount, through a dividend reinvestment plan, indicating continued participation in the company's equity.
- The transaction was conducted under a Rule 10b5-1(c) plan, which demonstrates pre-planned trading and reduces concerns about opportunistic insider trading.
Negatives
- No significant open market purchases by the insider were reported, which might otherwise signal stronger confidence.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: A minor increase in insider ownership, potentially a very slight positive signal of alignment between management and shareholder interests.
- Employees: Continued participation in the ESOP for the EVP/Secretary.
Key Dates
| Date | Description |
|---|---|
| 12/30/2025 | Date of earliest transaction reported for common shares acquired and ESOP balance update. |
Keywords
Ohio Valley Banc Corp, OVBC, Tom Shepherd, Insider Trading, Form 4, Beneficial Ownership, ESOP, Dividend Reinvestment, Rule 10b5-1, Executive Compensation
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