Form 4: QNB Corp Executive Acquires and Disposes of Stock Options
SEC Form 4
Christopher T. Cattie, EVP and Chief Operating Officer of QNB Corp, reports transactions involving stock options.
Summary
- Christopher T. Cattie, an executive at QNB Corp, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve the acquisition and disposition of derivative securities, specifically rights to buy common stock.
- On February 14, 2025, Cattie acquired rights to buy 860 shares of common stock at $33.50, exercisable at various dates from 2026 to 2030, expiring on February 14, 2035.
- Concurrently, Cattie disposed of 860 shares of common stock for each of those option grants.
- Cattie also holds rights to buy common stock at various prices and expiration dates, as detailed in the report.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Options exercisable to buy 3,375 shares at $32.50 |
| 02/15/2024 | Options exercisable to buy 700 shares at $29.51 |
| 02/14/2025 | Date of transaction for acquiring and disposing of stock options at $33.50. |
| 02/15/2025 | Options exercisable to buy 3,500 shares at $37.26 |
| 02/15/2025 | Options exercisable to buy 700 shares at $29.51 |
| 02/15/2025 | Options exercisable to buy 600 shares at $23.40 |
| 02/14/2026 | First exercisable date for options acquired on 02/14/2025. |
| 02/15/2026 | Options exercisable to buy 3,375 shares at $32.50 expire |
| 02/15/2026 | Options exercisable to buy 700 shares at $29.51 |
| 02/15/2026 | Options exercisable to buy 600 shares at $23.40 |
| 02/15/2027 | Options exercisable to buy 3,500 shares at $37.26 expire |
| 02/15/2027 | Options exercisable to buy 700 shares at $29.51 |
| 02/15/2027 | Options exercisable to buy 600 shares at $23.40 |
| 02/15/2028 | Options exercisable to buy 700 shares at $29.51 |
| 02/15/2028 | Options exercisable to buy 600 shares at $23.40 |
| 02/15/2029 | Options exercisable to buy 700 shares at $29.51 |
| 02/15/2029 | Options exercisable to buy 600 shares at $23.40 |
| 02/14/2030 | Last exercisable date for options acquired on 02/14/2025. |
| 02/15/2033 | Options exercisable to buy 700 shares at $29.51 expire |
| 02/15/2034 | Options exercisable to buy 600 shares at $23.40 expire |
| 02/14/2035 | Expiration date for options acquired on 02/14/2025. |
| 02/18/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Stock Options, QNB Corp, Derivatives, Executive Compensation, Christopher T. Cattie
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