Herring Todd L 4

What Happened Todd L. Herring, a director and Vice Chairman of ACNB Corp (ACNB), was granted 296.209 shares on 2026-03-13 as part of director compensation. The reported per-share value for the award was $46.42, representing a total value of $13,750. This was an award/compensation transaction (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Filing date (Form 4): 2026-03-17.
• Transaction type: Award/Grant/Other acquisition (code A).
• Shares received: 296.209; Price/value per share: $46.42; Total value: $13,750.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Execution date determined under SEC Rule 16a-3(g)(2) and (g)(4).
  • F2: Shares were issued as director compensation under ACNB’s director compensation plan.
  • F3: The amount includes shares purchased via automatic dividend reinvestment (DRIP), which are exempt from Section 16 reporting.
• Filing timeliness: Form 4 was filed 4 days after the transaction date; the filing does not include a late-filing notation.

Context This transaction reflects routine director compensation (stock award and reinvested dividends) rather than a purchase or sale by the insider. Such awards are commonly used to compensate board members and do not, by themselves, indicate a change in the insider’s market view.