Form 4: Uwharrie Capital Corp Director Acquires Shares
Statement of Changes in Beneficial Ownership
Dean M. Bowers, a Director at Uwharrie Capital Corp, acquired 132 shares of common stock as part of his annual retainer compensation.
Summary
- Dean M. Bowers, a Director of Uwharrie Capital Corp, acquired 132 shares of common stock on June 17, 2026.
- The acquisition was made as payment for a portion of his annual retainer for serving as a Director.
- The shares were acquired at a weighted average price of $11.293 per share.
- Following this transaction, Mr. Bowers beneficially owns 8,970 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine director compensation transaction without significant new financial information or strategic shifts.
Positives
- Director compensation is being paid in company stock, aligning director interests with shareholders.
- The company has a clear process for reporting stock transactions by directors and officers.
Risks
- The filing does not contain information on potential future risks or challenges.
- The company's stock price could be volatile, impacting the value of director compensation.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing. The filing primarily reports a past transaction.
Management Comments
- "This acquisition represents payment for a portion of the reporting person's Annual Retainer for serving in the capacity of Director."
- "The number of shares acquired by the reporting person is based on the amount of the Annual Retainer being paid divided by a weighted average price of the issuer's common stock acquired for this specific payment."
- "Represents a weighted average price of the issuer's common stock acquired for this specific payment."
Industry Context
StockSavvy.ai notes that the use of stock as compensation for directors is a common practice in the financial services industry, aiming to align executive and director interests with those of shareholders. This filing details a specific instance of such compensation within Uwharrie Capital Corp.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Person Designation | Designation of specific individuals as Reporting Persons for purposes of SEC Rule 16a, including Board of Directors, President & CEO, Chief Risk Officer, Chief Operations Officer, and other key executives. | January 20, 2026 | Ensures compliance with SEC reporting requirements for insider transactions. |
| Stock Transaction Policy | Establishment of a Pre-Clearance Policy for Uwharrie Capital Corp Stock Transactions, requiring notification to the designated contact person prior to any transaction. | January 20, 2026 | Aims to prevent violations of Rule 16a and 16b by ensuring timely reporting and pre-approval of trades. |
| Signature Authorization | Authorization for specific individuals (Roger L. Dick, R. David Beaver, III, Heather H. Almond, or Tamara M. Singletary) to sign SEC Forms 3, 4, and 5 on behalf of reporting persons. | January 20, 2026 | Streamlines the filing process for SEC reporting requirements. |
Related Party Transactions
- The acquisition of 132 shares by Director Dean M. Bowers was part of his Annual Retainer, representing a transaction between the company and a related party (director).
Stakeholder Impact
- Shareholders: The use of stock for director compensation aligns director interests with shareholders, potentially leading to decisions that benefit long-term shareholder value.
- Directors: Receive compensation in the form of company stock, subject to market fluctuations.
- Employees: The policy on pre-clearance of stock transactions applies to designated reporting persons, ensuring compliance and preventing insider trading concerns.
Next Steps
- Reporting persons are responsible for complying with the Pre-Clearance Policy for Uwharrie Capital Corp Stock Transactions.
- Reporting persons must notify Tamara M. Singletary prior to engaging in any transaction involving equity securities of the Company.
- Tamara M. Singletary or designee will assist persons with reporting forms to ensure timely filings with the SEC.
Key Dates
| Date | Description |
|---|---|
| 01/20/2026 | Date of Uwharrie Capital Corp Board of Directors meeting where resolutions were passed regarding reporting persons and stock transaction policies. |
| 06/17/2026 | Transaction date for the acquisition of common stock by Dean M. Bowers. |
| 06/18/2026 | Date of signature for the Form 4 filing. |
Keywords
Uwharrie Capital Corp, UWHR, Form 4, SEC Filing, Director Compensation, Stock Acquisition, Beneficial Ownership, Dean M. Bowers
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