Form 4: William Penn Bancorporation Director Sarubbi Reports Stock Transactions
SEC Form 4 Filing
Director Vincent Peter Sarubbi reports stock transactions, including vesting of restricted stock and holdings through stock awards and an LLC.
Summary
- On May 11, 2024, Vincent Peter Sarubbi, a director of William Penn Bancorporation, reported transactions involving the company's common stock.
- 2,781 shares of restricted stock vested and are now held directly.
- Sarubbi directly disposed of 2,781 shares at $0 price.
- Following these transactions, Sarubbi directly owns 5,986 shares and indirectly owns 8,343 shares through stock awards, 3,792 shares through Stock Award II, and 8,400 shares through an LLC.
- Sarubbi also holds options to buy 9,480 shares at $12.44 (exercisable from January 23, 2025) and 34,760 shares at $11.82 (exercisable from May 11, 2023).
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions.
Positives
- Vesting of restricted stock indicates continued alignment with the company's performance.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- Shareholders gain insight into the trading activities of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/11/2023 | Commencement date for vesting of stock options to buy 34,760 shares at $11.82. |
| 01/23/2025 | Commencement date for vesting of stock options to buy 9,480 shares at $12.44. |
| 05/11/2024 | Date of reported transactions, including vesting of 2,781 shares of restricted stock. |
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