Form 4: Park National Corp Director Trautman Reports Stock Transactions
SEC Form 4 Filing
David L. Trautman, Chairman of the Board & CEO of Park National Corp, reports acquisition and disposal of common shares and performance-based restricted stock units (PBRSUs) on March 31, 2025.
Summary
- On March 31, 2025, David L. Trautman, Chairman of the Board & CEO of Park National Corporation, reported transactions involving Park common shares and PBRSUs.
- Trautman acquired 1,717.5 common shares related to the certification of 2022 PBRSUs and 2,250 common shares upon vesting of PBRSUs.
- He also disposed of 762.8215 and 1,005.9077 common shares for $151.4 each.
- Following these transactions, Trautman directly owns 45,882.2678 common shares.
- Trautman indirectly owns 19,528.31 shares through KSOP, 13,230 through his spouse Joan Y., 822 through Joan Y.'s Rollover Plan, and 346 through Joan Y. as beneficiary of The James J. Young Inherited IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among corporate executives. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
- Employees participating in the KSOP may be indirectly affected by the changes in share ownership.
Key Dates
| Date | Description |
|---|---|
| 01/20/2022 | Effective date of PBRSU grant to the reporting person |
| 03/31/2025 | Date of earliest transaction and 2022 PBRSU Certification Date |
| 04/02/2025 | Date of signature for the report |
Keywords
Form 4, insider trading, stock ownership, PBRSU, David L. Trautman, Park National Corp, PRK
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