Form 4: Old Point Financial Corp: Officer Kauders A Eric Jr. Reports Stock Transaction
SEC Form 4 Filing
SVP/Trust Officer Kauders A Eric Jr. reports disposition of 336 common stock shares to cover withholding taxes on vested restricted stock.
Summary
- On May 3, 2025, Kauders A Eric Jr., an SVP/Trust Officer at Old Point Financial Corp, disposed of 336 shares of common stock.
- The transaction was executed to satisfy withholding taxes related to previously granted restricted stock that vested on the same date.
- The price per share for the transaction was $39.5.
- Following the transaction, Kauders A Eric Jr. beneficially owns 11,351.9331 shares of Old Point Financial Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested stock, a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/03/2025 | Date of transaction and vesting of restricted stock. |
| 05/06/2025 | Date of signature on the form. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Old Point Financial Corp, OPOF, Kauders A Eric Jr, SVP/Trust, Restricted Stock, Withholding Taxes
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