Form 4: PEBK Director Gifts Shares to Family, Charity

A Peoples Bancorp of North Carolina director gifted 3,050 shares of common stock to family members and a charitable organization.

Summary

• James S. Abernethy, a Director and 10% Owner of Peoples Bancorp of North Carolina Inc. (PEBK), disposed of 3,050 shares of common stock.
• The transactions occurred on August 20, 2025, with each share valued at $29.76.
• 600 shares were gifted to a daughter.
• Another 600 shares were gifted to a daughter.
• 600 shares were gifted to a son.
• 1,250 shares were gifted to Newton Depot.
• Following these transactions, Mr. Abernethy directly beneficially owns 68,626 shares.
• He also indirectly beneficially owns 39,400 shares through his son and 70,441 shares through his role as VP, Sec & Chairman of Alexander Railroad.

Sentiment

Score: 5

Explanation: A neutral event. While it represents a decrease in direct insider holdings, it's a gift rather than a sale, which typically carries less negative signaling. It reflects personal financial planning and philanthropy.

Positives

• Gifts to family members and a charitable organization demonstrate philanthropic activity by a director.

Negatives

• The director's direct beneficial ownership decreased by 3,050 shares.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

This filing is a standard insider transaction disclosure and does not provide broader industry context or trends for the banking sector. It reflects an individual director's personal financial planning and philanthropic activities.

Comparison to Industry Standards

• This Form 4 filing details a director's personal stock gifts and does not contain information comparable to industry-wide financial performance benchmarks or specific company projects. It is a regulatory disclosure of individual share ownership changes.

Related Party Transactions

• James S. Abernethy, a director, gifted 600 shares of common stock to his daughter, another 600 shares to his daughter, and 600 shares to his son. These are related party transactions due to the familial relationship.

Stakeholder Impact

• Shareholders: The director's direct ownership decreased, but the overall float remains largely unchanged. The gifts to family members mean the shares remain within a related party sphere, while the gift to a charity removes those shares from direct insider control.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction disclosure.

Key Dates

Keywords

PEBK, Peoples Bancorp of North Carolina, SEC Form 4, Insider Transaction, Stock Gift, Director, Beneficial Ownership, Common Stock