Form 4: United Bancorp Director Gary W. Glessner Increases Stake with $12.33 Purchase
SEC Form 4
Gary W. Glessner, a director at United Bancorp, recently acquired 3,329 shares of common stock at a price of $12.33 per share.
Summary
- On June 21, 2024, Gary W. Glessner, a director of United Bancorp Inc. /OH/ (UBCP), purchased 3,329 shares of common stock.
- The purchase price was $12.33 per share.
- Following the transaction, Glessner directly owns 94,369 shares of United Bancorp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director buying shares suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's overall health.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Director purchases are common and closely watched indicators of management's sentiment towards their own company's stock. It is a common practice for directors to buy shares in their own company.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholders, as it signals confidence from a company insider.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of transaction: Gary W. Glessner purchased shares of UBCP. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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