Form 4: Peoples Bancorp Director James Abernethy Disposes of Shares in Recent Transaction

Director James Abernethy of Peoples Bancorp of North Carolina Inc. reports the disposition of 500 shares of common stock on May 10, 2024.

Summary

• On May 10, 2024, James S. Abernethy, a director of Peoples Bancorp of North Carolina Inc. (PEBK), disposed of 500 shares of common stock.
• The transaction was executed at a price of $30.81 per share.
• Following the transaction, Abernethy directly owns 83,206 shares of common stock.
• Abernethy also indirectly owns 41,290 shares through his son and 70,441 shares as VP, Sec & Chairman of Alexander RR.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within the company.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an insider's decision to reduce their holdings, although the amount is relatively small compared to their total holdings.

Key Dates