Berwager Emily E 4

What Happened

• Emily E. Berwager, Senior Vice President at ACNB Bank, was granted 1,734.166 shares of restricted stock (award code A) on 2026-03-13 at an imputed price of $46.42 per share, valued at $80,500. To cover tax withholding (code F), 181.063 of those shares were withheld by the issuer at the same price (value $8,405). Net shares retained from the grant: 1,553.103.

Key Details

• Transaction date: March 13, 2026. Grant price used for reporting: $46.42 per share.
• Award: 1,734.166 shares (value $80,500); Withholding: 181.063 shares (value $8,405).
• Net shares received: 1,553.103 shares (1,734.166 - 181.063).
• Shares owned after the transaction: Not disclosed in this filing.
• Footnotes: The award is a Variable Equity Award granted as restricted stock under the ACNB Bank Variable Compensation Plan and the ACNB Corporation 2018 Omnibus Stock Incentive Plan. One‑third of the award (the portion granted 3/13/2026) is 100% vested on the grant date; the remaining two thirds vest 1/1/2027 and 1/1/2028. The withheld shares were retained by the issuer to satisfy tax withholding—no open‑market sale by the executive.
• Filing timeliness: Filed 2026-03-17 for a 2026-03-13 transaction (timely based on business-day reporting).

Context

• This was a compensation grant (award), not an open-market purchase or sale. Tax withholding via share retention is a routine administrative step and should not be interpreted as a sale indicating sentiment. The staggered vesting schedule means additional shares will vest on future dates.