Bradley Andrew A 4
4 · ACNB CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ACNB SVP Bradley Andrew Receives Restricted Stock Award
What Happened Bradley Andrew, SVP & Chief Risk Officer at ACNB Bank, was granted a Variable Equity Award of 1,671.779 shares on March 13, 2026 (reported as an "A" award). The award was valued at $46.42 per share (total ~$77,604). To satisfy tax withholding on the vested portion, 192.199 shares were withheld by ACNB (reported as "F" — disposition by withholding) valued at ~$8,922. Net to the executive after withholding: 1,479.580 shares (net value ~ $68,682). The filing clarifies the withheld shares were not sold on the open market.
Key Details
- Transaction date: 2026-03-13; price per share reported: $46.42.
- Award: 1,671.779 shares granted (total ~$77,604).
- Withholding: 192.199 shares withheld for taxes (total ~$8,922); executive did not sell shares.
- Net shares received after withholding: 1,479.580 shares (approx. $68,682).
- Vesting: One‑third (1/3) of the award was 100% vested on the grant date (3/13/2026); remaining thirds vest 1/1/2027 and 1/1/2028 (per filing).
- Footnotes: F1 notes SEC timing rules used to determine execution date; F2 describes the three‑part vesting schedule; F3 confirms withholding was used to pay taxes, not an open‑market sale.
- Shares owned after transaction: not specified in the provided filing data.
- Filing timeliness: no late‑filing indication provided in the supplied information.
Context This was a compensation grant (not an open‑market purchase or sale). Tax withholding by the company is a routine administrative step and does not necessarily indicate insider sentiment about the stock. The award is part of ACNB Bank’s Variable Compensation Plan and the ACNB Corporation 2018 Omnibus Stock Incentive Plan.
Insider Transaction Report
- Award
ACNB Corporation Common
[F1][F2]2026-03-13$46.42/sh+1,671.779$77,604→ 2,887.775 total - Tax Payment
ACNB Corporation Common
[F3]2026-03-13$46.42/sh−192.199$8,922→ 2,695.576 total
Footnotes (3)
- [F1]The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
- [F2]One-third (1/3) of this Variable Equity Award, granted in the form of restricted stock under the ACNB Bank Variable Compensation Plan and pursuant to the ACNB Corporation 2018 Omnibus Stock Incentive Plan, is 100% vested as of the Grant Date of March 13, 2026, with the next one-third (1/3) 100% vested as of January 1, 2027, and the final one-third (1/3) 100% vested as of January 1, 2028
- [F3]The shares disposed were withheld by the Issuer and/or its subsidiary ACNB Bank for payment of the tax liability by withholding of securities, on the first one-third (1/3) vested as of the Grant Date of March 13, 2026, in accordance with SEC Rule 16b-1. For clarification, the executive did not sell the shares.