Form 4: Peoples Bancorp Director Kevin Reeves to Acquire Shares Through Compensation Plan
Insider Transaction Report
Peoples Bancorp Director Kevin R. Reeves is scheduled to acquire 429 shares of common stock at $30.54 per share on June 30, 2025, as part of his non-employee director compensation, which will increase his direct beneficial ownership to 11,367.84 shares.
Summary
- Kevin R. Reeves, a Director of Peoples Bancorp Inc. (PEBO), is scheduled to acquire 429 shares of common stock.
- The transaction is set to occur on June 30, 2025.
- The shares will be acquired at a price of $30.54 per share.
- This acquisition represents payment for Board meeting fees and quarterly retainer as part of his non-employee director compensation.
- Following this scheduled transaction, Mr. Reeves will directly beneficially own 11,367.84 shares of Peoples Bancorp Inc. common stock.
Sentiment
Score: 6
Explanation: The scheduled acquisition of shares by a director, even as part of compensation, generally indicates alignment of interests with shareholders and a continued stake in the company's performance.
Positives
- Director Kevin R. Reeves is scheduled to increase his direct beneficial ownership in Peoples Bancorp Inc. by acquiring 429 shares on June 30, 2025.
- The scheduled acquisition of shares as part of director compensation aligns the interests of the director with those of shareholders.
Negatives
- NA
Risks
- NA
Future Outlook
The filing indicates a pre-planned acquisition of 429 shares of common stock by Director Kevin R. Reeves on June 30, 2025, as part of his non-employee director compensation.
Management Comments
- NA
Industry Context
This transaction is a standard disclosure for insider stock ownership changes, common across all publicly traded companies, including those in the financial services sector. It reflects a director's compensation structure rather than a strategic industry move.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- Scheduled acquisition of 429 shares of common stock by Director Kevin R. Reeves on June 30, 2025, as payment for Board meeting fees and quarterly retainer, which is a transaction between the company and a related party (director).
Stakeholder Impact
- Shareholders: The scheduled acquisition by a director may be viewed positively as it aligns the director's interests with those of shareholders.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of the scheduled transaction where Kevin R. Reeves will acquire 429 shares of common stock. |
| 07/02/2025 | Date the Form 4 was signed by Jason A. Silcott, attorney-in-fact for Mr. Reeves. |
Keywords
Peoples Bancorp, PEBO, Kevin R Reeves, Form 4, insider transaction, director compensation, stock acquisition, beneficial ownership, financial services
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