Wallace Andrew Michael 4
Research Summary
AI-generated summary
LCNB CFO Andrew Wallace Receives 1,870-Share Award
What Happened
- Andrew Michael Wallace, Chief Financial Officer of LCNB Corp (LCNB), was granted/acquired 1,870 shares on 2026-02-23 at an effective price of $17.46 per share, a grant valued at $32,650. The Form 4 reports this as an award/acquisition (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-23
- Transaction type/code: Grant/Award (A)
- Shares acquired: 1,870
- Price per share: $17.46
- Total value: $32,650
- Shares owned after transaction: Not disclosed in this Form 4
- Footnote: F1 notes inclusion of 8.81 shares purchased under the company’s dividend reinvestment plan since the Form 3 filing
- Filing timeliness: Reported on 2026-02-23 (no late filing indicated)
Context
- This was a compensation award rather than an open-market buy; awards are commonly part of pay or retention packages and don’t necessarily indicate the insider’s short-term market view. Purchases (code P) typically carry more direct signaling value about insider conviction.