Form 4: Old Point Financial Corp Director Michael A. Glasser Reports Stock Transactions
SEC Form 4 Filing
Director Michael A. Glasser reports stock transactions including acquisition of common stock and restricted stock award.
Summary
- On February 6, 2025, Michael A. Glasser acquired common stock at $24.92 per share, resulting in a holding of 6,782.2292 shares.
- On March 3, 2025, Glasser acquired 600 shares of common stock.
- Glasser also holds 2,706.8602 shares indirectly through an IRA SEP, 450 shares directly, and 2,000 shares indirectly as a manager.
- Glasser was awarded time-based restricted stock subject to a one-year vesting period.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but insider buying is often viewed neutrally to slightly positively.
Positives
- The acquisition of shares by a director could be seen as a positive signal about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company directors as an indicator of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/06/2025 | Acquisition of common stock at $24.92 per share |
| 03/03/2025 | Acquisition of 600 shares of common stock |
| 03/05/2025 | Date of signature by Attorney-in-Fact |
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