Form 4: PEBK EVP Acquires Shares in Service Award

Timothy Paul Turner, EVP and Chief Credit Officer of Peoples Bancorp of North Carolina Inc., acquired 30 shares of common stock as a 15-year service award.

Summary

• Timothy Paul Turner, Executive Vice President and Chief Credit Officer of Peoples Bancorp of North Carolina Inc. (PEBK), acquired 30 shares of common stock.
• The transaction occurred on December 22, 2025, at a price of $34.14 per share.
• The acquisition was identified as a 15-Year Service Award.
• Following this transaction, Mr. Turner directly beneficially owns 1,577.9281 shares of common stock.
• Additionally, Mr. Turner indirectly beneficially owns 500 shares of common stock through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as an insider acquired shares, particularly as a service award, indicating continued commitment and alignment of interests. However, the transaction size is small and routine, limiting a stronger positive sentiment.

Positives

• An insider, the EVP and Chief Credit Officer, acquired additional shares, which can signal confidence in the company's future.
• The acquisition was part of a 15-Year Service Award, indicating long-term commitment and retention of key management.

Future Outlook

This filing, a Form 4, reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider transactions, such as the acquisition of shares by an executive, are common in the banking sector. While this specific transaction is an award, it generally reflects a continued alignment of management's interests with those of shareholders, a common practice in corporate governance within financial institutions.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The acquisition of shares by a key executive, even as an award, generally aligns management's interests with shareholders, potentially fostering confidence.
• Employees: The 15-Year Service Award highlights the company's recognition and retention programs for long-serving employees.

Key Dates

Recommendation

This Form 4 reports a routine insider acquisition of 30 shares as a service award. While insider buying can be a positive signal, the small volume and the nature of the acquisition (award rather than open market purchase) do not provide a strong enough catalyst to warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and consider this a minor, non-material event in the broader context of the company's financial performance and strategic direction.

Keywords

PEBK, Peoples Bancorp of North Carolina, Timothy Paul Turner, Insider Trading, Form 4, Stock Acquisition, Service Award, Common Stock, EVP, Chief Credit Officer