Form 4: Peoples Bancorp Director James Abernethy Sells 2,500 Shares
SEC Form 4
James Abernethy, a director of Peoples Bancorp of North Carolina Inc, sold 2,500 shares of common stock at an average price of $28.73 on September 4, 2024.
Summary
- On September 4, 2024, James Abernethy, a director of Peoples Bancorp of North Carolina Inc, sold 2,500 shares of the company's common stock.
- The shares were sold at an average price of $28.73.
- Following the transaction, Abernethy directly owns 76,976 shares of common stock.
- Abernethy also indirectly owns 40,900 shares through his son and 70,441 shares as VP, Sec. & Chairman of Alexander Railroad.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale by a company director. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction and unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of transaction: James Abernethy sold 2,500 shares of PEBK common stock. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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