Form 4: PEBK CFO Hooper Cashes Out RSU Award
Insider Transaction Report
Jeffrey N. Hooper, EVP/Chief Financial Officer of Peoples Bancorp of North Carolina Inc., received a cash payment for 1,430 vested Restricted Stock Units.
Summary
- Jeffrey N. Hooper, the Executive Vice President and Chief Financial Officer of Peoples Bancorp of North Carolina Inc. (PEBK), reported a transaction on January 20, 2026.
- The transaction involved the vesting of 1,430 Restricted Stock Units (RSUs).
- Each RSU represented the contingent right to receive a cash payment equal to the fair market value of one share of Common Stock upon vesting.
- Following the vesting, Mr. Hooper received a cash payment of $36.05 per share of Common Stock, reflecting the fair market value on the vesting date.
- After this transaction, Mr. Hooper beneficially owns 0 derivative securities.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation settlement rather than a discretionary sale or a significant new development for the company.
Positives
- The EVP/Chief Financial Officer realized value from a previously granted compensation award, indicating a successful vesting of Restricted Stock Units.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that the vesting and cash settlement of Restricted Stock Units is a standard component of executive compensation packages across the banking industry, designed to align management incentives with shareholder value over time. This particular transaction reflects a routine compensation event for a regional bank executive.
Stakeholder Impact
- Shareholders: This is a routine compensation event and does not indicate a significant change in the company's financial health or strategic direction. It represents the realization of earned compensation by an executive.
Key Dates
| Date | Description |
|---|---|
| 01/20/2026 | Transaction Date and Vesting Date for 1,430 Restricted Stock Units, leading to a cash payment. |
| 02/06/2026 | Date the Form 4 was signed by Jeffrey N. Hooper. |
Keywords
Peoples Bancorp of North Carolina, PEBK, Jeffrey N. Hooper, Restricted Stock Units, RSU, Insider Transaction, Form 4, Executive Compensation, Cash Payment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.