4//SEC Filing
Chiaro James P 4
Accession 0001437749-24-021764
CIK 0001035976other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 5:37 PM ET
Size
7.5 KB
Accession
0001437749-24-021764
Insider Transaction Report
Form 4
Chiaro James P
EVP/CHIEF INV SERVICES OFFICER
Transactions
- Disposition to Issuer
COMMON STOCK
2024-07-01−1,059.726→ 0 total - Disposition to Issuer
COMMON STOCK
2024-07-01−25,384→ 0 total(indirect: By LLC)
Footnotes (3)
- [F1]The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 27, 2023, by and between Peoples Financial Services Corp. ("Peoples") and FNCB Bancorp, Inc. ("FNCB"). Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each share of common stock, $1.25 par value, of FNCB was converted into the right to receive 0.1460 shares of common stock, $2.00 par value, of Peoples and cash in lieu of fractional shares.
- [F2]This amount includes 32.054 shares acquired in June 2024 by the Reporting Person pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan.
- [F3]Includes 13,551 restricted shares of FNCB's common stock that were issued in connection with the purchase of substantially all of the assets of Chiaro Investment Services, LLC pursuant to the Asset Purchase Agreement dated September 30, 2022 by and between FNCB and the Chiaro Investment Services, LLC and consummated on the same date ("Purchase Agreement"). The remaining restricted shares of common stock will be released based on the achievement of quarterly net commissions and fees in accordance with a schedule set forth in the Purchase Agreement. Any shares not eligible to be released by August 15, 2027 will be forfeited and canceled.
Documents
Issuer
FNCB Bancorp, Inc.
CIK 0001035976
Entity typeother
Related Parties
1- filerCIK 0001949212
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 5:37 PM ET
- Size
- 7.5 KB