Smith Robert Lawrence 4

What Happened

• Robert Lawrence Smith, Senior Vice President and Chief Legal Officer of Auburn National Bancorporation (AUBN), had restricted stock units vest on March 10, 2026. The filing shows an acquisition of 8 shares as dividend equivalents and a tax-withholding disposition of 122 shares at $23.85 per share (withholding value $2,910).
• In total, 307 shares were issued in settlement of the vesting (reported as 299 net shares delivered after withholding plus 8 dividend-equivalent shares). This was a vesting/tax-withholding transaction—not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-10
• Reported events: A (award/acquisition) — 8 shares @ $0.00 (dividend equivalents); F (tax withholding) — 122 shares withheld @ $23.85 = $2,910
• Settlement of 421 previously granted RSUs resulted in issuance of 307 shares to the reporting person (299 net after withholding + 8 dividend-equivalent shares)
• Shares owned after transaction: not specified in this filing
• Footnotes: includes dividend equivalents and drip shares; 122 shares withheld to satisfy tax withholding; the original grant of 421 RSUs was previously reported (July 24, 2025)
• Filing timeliness: this Form 4 was filed late (marked as late)

Context

• This is a routine RSU vesting with employer tax withholding (code F), effectively a cashless withholding to cover taxes — not a market sale indicating a directional bet.
• For retail investors, vesting/withholding filings mainly show compensation realization and tax handling; they do not necessarily indicate insider buying or selling intent.