Form 4: Peoples Financial Corp CEO Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Chevis Swetman, CEO of Peoples Financial Corp, reports acquiring and disposing of shares due to an ESOP allocation as of December 31, 2024.
Summary
- Chevis Swetman, CEO/President of Peoples Financial Corp /MS/, filed a Form 4 on February 11, 2025.
- The report details changes in beneficial ownership of securities.
- On December 31, 2024, Swetman acquired 2,506 shares of Peoples Financial Corp/MS/ at $0 and disposed of 416,555 shares.
- These transactions were related to the allocation of PFC ESOP shares as of December 31, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions related to ESOP allocation, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in ownership due to ESOP allocation, which is a common practice.
Stakeholder Impact
- Shareholders may be interested in the changes in beneficial ownership, although ESOP allocations are generally viewed as a positive employee benefit.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction (acquisition and disposal of shares) and ESOP allocation. |
| 02/11/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Securities, ESOP, PFBX, Peoples Financial Corp, Swetman, CEO
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