Form 4: Peoples Bancorp Director James Abernethy Reports Stock Sale and Gift
SEC Form 4 Filing
Director James Abernethy of Peoples Bancorp of North Carolina Inc. reports selling 1,000 shares and gifting 610 shares of common stock on August 26, 2024.
Summary
- On August 26, 2024, James S. Abernethy, a director of Peoples Bancorp of North Carolina Inc. (PEBK), sold 1,000 shares of common stock at a price of $29.15 per share.
- On the same day, Abernethy gifted 610 shares of common stock.
- Following these transactions, Abernethy directly owns 79,476 shares of common stock.
- Abernethy also indirectly owns 41,900 shares through his son and 70,441 shares as VP, Sec, & Chairman of Alexander Railroad.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions. There is no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- The stock sale and gift by a director could be perceived neutrally by stakeholders, as it is a common practice.
- The disclosure ensures transparency for shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of stock sale and gift transaction |
| 08/27/2024 | Date of signature on the report |
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