Form 4: Peoples Bancorp Director James Abernethy Reports Stock Sale and Gift

Director James Abernethy of Peoples Bancorp of North Carolina Inc. reports selling 500 shares and gifting 620 shares of common stock on August 16, 2024.

Summary

• On August 16, 2024, James S. Abernethy, a director of Peoples Bancorp of North Carolina Inc. (PEBK), reported a transaction involving the company's common stock.
• Abernethy sold 500 shares of common stock at a price of $28.8 per share.
• Abernethy also gifted 620 shares of common stock at a price of $0.00.
• Following these transactions, Abernethy directly owns 81,086 shares of Peoples Bancorp common stock.
• Abernethy also indirectly owns 41,290 shares through his son and 70,441 shares as VP, Secretary, & Chairman of Alexander Railroad.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• Shareholders may be interested in the director's stock transactions as an indicator of confidence in the company's prospects.

Key Dates