Form 4: Peoples Bancorp Director James Abernethy Sells Shares
SEC Form 4
James Abernethy, a director of Peoples Bancorp of North Carolina Inc, recently sold shares of the company's common stock.
Summary
- On October 28, 2024, James Abernethy, a director of Peoples Bancorp of North Carolina Inc, sold 1,000 shares of common stock at a price of $25.57 per share.
- He also sold 500 shares at $25.5 per share on the same day.
- Following these transactions, Abernethy directly owns 75,976 shares and indirectly owns 40,400 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 stock sales by a company director. The sales themselves don't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of insider trading activity. It is common for directors and officers of publicly traded companies 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 is a relatively small transaction and unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 10/28/2024 | Date of transaction: James Abernethy sold 1,000 shares of PEBK at $25.57 and 500 shares at $25.5. |
| 10/29/2024 | Date of signature on the Form 4 filing. |
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