Form 4: Old Point Financial Corp Executive Thomas L. Hotchkiss Reports Stock Transaction
SEC Form 4 Filing
Thomas L. Hotchkiss, CCO/EVP of Old Point Financial Corp, reports disposition of shares to cover withholding taxes on vested restricted stock.
Summary
- On May 3, 2025, Thomas L. Hotchkiss, CCO/EVP of Old Point Financial Corp, disposed of 331 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, Hotchkiss directly owns 8,811.1058 shares of Old Point Financial Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders engage in transactions involving their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/03/2025 | Date of transaction and vesting of restricted stock. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, Old Point Financial Corp, OPOF, Thomas L. Hotchkiss, CCO, EVP, restricted stock, withholding taxes
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