Form 4: Peoples Bancorp Director James S. Abernethy Sells 1,000 Shares

Director James S. Abernethy of Peoples Bancorp of North Carolina Inc. sold 1,000 shares of common stock on November 8, 2024.

Summary

• James S. Abernethy, a director at Peoples Bancorp of North Carolina Inc., sold 1,000 shares of common stock on November 8, 2024.
• The sale was executed at a price of $28.64 per share.
• Following the transaction, Mr. Abernethy directly owns 74,976 shares of common stock.
• He also indirectly owns 40,400 shares through his son and 70,441 shares as VP, Sec & Chairman of Alexander Railroad.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading.
• The transaction is typical for a director and does not indicate any unusual activity.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but it is a common occurrence.
• The transaction is unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Peoples Bancorp, PEBK, insider trading, stock sale, director, James S. Abernethy, common stock