Seibel Douglas A 4

What Happened Douglas A. Seibel, Executive Vice President at ACNB Bank, was granted a Variable Equity Award of 3,131.926 restricted shares on March 13, 2026, at $46.42 per share (total value $145,384). To cover tax withholding on the first one‑third vested portion, 297.428 shares were withheld by the issuer (value $13,807). The withheld shares were not sold by the executive.

Key Details

• Transaction date: 2026-03-13; per-share price reported: $46.42.
• Grant (code A): 3,131.926 shares acquired; Tax withholding (code F): 297.428 shares disposed/withheld.
• Dollar values: grant ≈ $145,384; withholding ≈ $13,807.
• Vesting: one-third vested on grant date (3/13/2026); next one-third vests 1/1/2027; final one-third vests 1/1/2028 (see footnote F2).
• Withholding mechanics: shares were withheld by ACNB/ACNB Bank to satisfy tax liability; executive did not sell shares (footnote F3).
• Execution date rules: date determined per SEC Rule 16a‑3(g)(2) & (g)(4) (footnote F1).
• Filing: Form 4 filed 2026-03-17; the filing reflects the 3/13/2026 grant and appears to be timely.

Context This was a compensation award (restricted stock), not an open‑market purchase or sale. Tax‑withholding via share retention is a common administrative step and does not indicate the insider sold shares on the market. The remaining two-thirds of the award vest on the dates noted above.