Form 4: Uwharrie Capital Corp Executive Rinehardt Reports Stock Transactions

Cheryl P. Rinehardt, Chief Credit Officer of Uwharrie Capital Corp, reports the acquisition and disposal of common stock in a recent SEC filing.

Summary

• Cheryl P. Rinehardt, Chief Credit Officer of Uwharrie Capital Corp, filed a Form 4 with the SEC.
• The filing reports the acquisition of 566 shares of common stock at a weighted average price of $8.82 on March 11, 2025, through the Uwharrie Capital Corp 2015 Revocable Stock Grant Trust.
• The filing also reports the disposal of 1,851 shares of common stock held by Cede & Co., Depository for IRA FBO Cheryl P. Rinehardt Pershing LLC As Custodian.
• Following these transactions, Rinehardt directly owns 2,496 shares and indirectly owns 566 shares.
• A resolution from the Uwharrie Capital Corp Board of Directors designates certain individuals as Reporting Persons for SEC Rule 16a purposes, including board members and key officers.
• These Reporting Persons are responsible for complying with the Pre-Clearance Policy for Uwharrie Capital Corp Stock Transactions and notifying Tamara M. Singletary of any changes in beneficial ownership.
• The resolution also authorizes Roger L. Dick, R. David Beaver, III, Heather H. Almond, or Tamara M. Singletary to sign and file SEC Forms 3, 4, and 5 on behalf of the Reporting Persons.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a key officer at Uwharrie Capital Corp.

Corporate Governance

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.
• Employees who are Reporting Persons are reminded of their compliance obligations.

Key Dates