Form 4: William Penn Bancorporation Director Glenn Davis Reports Stock Transactions
SEC Form 4 Filing
Director Glenn Davis reports vesting of restricted stock and adjustments to holdings in William Penn Bancorporation.
Summary
- Glenn Davis, a director of William Penn Bancorporation, reported transactions involving the company's common stock.
- On May 11, 2024, 2,781 shares of restricted stock vested and are now held directly.
- Also on May 11, 2024, 2,781 shares were disposed of.
- Following these transactions, Davis directly owns 30,583 shares of common stock.
- Davis also indirectly owns 8,343 shares by stock award, 3,792 shares by Stock Award II, and 20,944 shares by spouse.
- Davis holds options to buy 9,480 shares at $12.44, exercisable from January 23, 2025, and options to buy 34,760 shares at $11.82, exercisable from May 11, 2023.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The report provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/11/2023 | Commencement date for vesting of stock options granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan. |
| 01/23/2025 | Commencement date for vesting of stock awards and stock options granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan. |
| 01/23/2034 | Expiration date for stock options (right to buy) at $12.44. |
| 05/11/2024 | Date of transaction: 2,781 shares of restricted stock vested and are now held directly. |
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