Form 4: Old Point Financial Corp: CEO Robert F. Shuford Jr. Reports Stock Transaction
SEC Form 4 Filing
Robert F. Shuford Jr., President/CEO of Old Point Financial Corp, reports disposition of shares to cover tax obligations related to vested restricted stock.
Summary
- On May 3, 2025, Robert F. Shuford Jr., President/CEO of Old Point Financial Corp, disposed of 849 shares of common stock to satisfy withholding taxes related to previously granted restricted stock that vested on the same date.
- The transaction was executed at a price of $39.5 per share.
- Following the transaction, Shuford directly owns 49,774.7583 shares of common stock.
- Shuford also indirectly owns shares through his children: 1,498.2014 shares by Child 1, 1,339.7458 shares by Child 2, and 1,339.7459 shares by Child 3.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in the financial industry.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/03/2025 | Date of the stock transaction and vesting of restricted stock. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Robert F. Shuford Jr., Old Point Financial Corp, OPOF, CEO, Restricted Stock, Withholding Taxes
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