O'DONNELL SHANNON 4/A

What Happened

• Shannon O'Donnell, Senior Vice President of Auburn National Bancorporation (AUBN), had restricted stock units settle on March 10, 2026. The filing shows 7 shares were reported as acquired (dividend equivalents) and 114 shares were reported as disposed (withheld to satisfy tax withholding) at $23.85 per share, a withholding value of $2,719.
• This was not an open-market sale or purchase but a vesting/settlement of equity awards (RSUs) with shares withheld to cover taxes — a routine, administrative transaction rather than a directional buy or sell.

Key Details

• Transaction date: 2026-03-10. Prices: tax withholding valued at $23.85/share; the 7 dividend-equivalent shares reported at $0.
• Tax-withholding code: F (shares withheld to satisfy tax liability); award/acquisition code: A (award/settlement).
• Footnotes: F1 notes the 7 shares were dividend equivalents from the vesting of 387 RSUs; F2 states 114 shares were withheld to satisfy taxes based on the $23.85 closing price and indicates issuance of 273 net shares; F3 notes the 387 RSUs were originally reported as granted on July 24, 2025 and that a total of 280 shares were issued on the settlement date (the filing contains inconsistent net-issue counts).
• Filing status: This is an amended Form 4 and was filed late (timeliness flagged). The amendment also clarifies that the original Form 4 omitted the 387-RSU grant when summarizing shares.

Context

• This is a vesting/settlement event (derivative award settlement), with shares withheld to cover taxes — effectively a cashless/withholding action, not a market-driven sale.
• Such withholding transactions are routine and usually reflect tax obligations, so they don't necessarily signal insider sentiment about the stock.