Walker William James IV 4

What Happened

• Walker William James IV, Senior Vice President and CFO of Auburn National Bancorporation (AUBN), received shares on March 10, 2026 related to vested restricted stock units (RSUs). The filing shows an 8-share award (dividend equivalents) and the withholding (disposition) of 121 shares to satisfy tax obligations at $23.85 per share (total value withheld ≈ $2,886). After vesting and withholding, a total of 318 shares were issued to Walker on the settlement date.

Key Details

• Transaction date: March 10, 2026 (Settlement Date); Form 4 filed March 26, 2026 (late filing).
• Items reported:
  • Code A (award/acquisition): 8 shares @ $0.00 (dividend equivalents upon RSU vesting).
  • Code F (payment of exercise price/tax liability): 121 shares withheld @ $23.85 = $2,886 (to cover taxes).
• Net issuance: 318 shares issued to the reporting person on the Settlement Date (431 RSUs vested; 121 shares withheld → 310 net RSU shares, plus 8 dividend-equivalent shares = 318).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes clarify the dividend-equivalent award, the share-withholding for taxes based on the Nasdaq close price, prior reporting of the RSU grant (July 24, 2025), and that the Form 4 was filed late (timeliness code: L).

Context

• This was a compensation-related issuance (RSU vesting) with routine tax-withholding (cashless share withholding), not an open-market buy or sell. Such transactions typically reflect scheduled equity compensation vesting rather than a signal of buying or selling intent.