Form 4: Old Point Financial Corp: CFO Paul M. Pickett Forfeits Time-Based Restricted Stock
SEC Filing
Paul M. Pickett, CFO of Old Point Financial Corp, forfeited 1,649 shares of time-based restricted stock on July 26, 2024.
Summary
- On July 26, 2024, Paul M. Pickett, the Chief Financial Officer of Old Point Financial Corp, forfeited 1,649 shares of common stock.
- The forfeiture was due to time-based restrictions on the stock's vesting schedule.
Sentiment
Score: 5
Explanation: This is a neutral event; a standard forfeiture of restricted stock due to vesting terms.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Paul M. Pickett forfeited 1,649 shares of common stock. |
| 07/29/2024 | Date of signature on the report. |
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