Potts Daniel W 4
Research Summary
AI-generated summary
ACNB Director Daniel W. Potts Receives 221.887-Share Award
What Happened
Daniel W. Potts, a director of ACNB Corp (ACNB), received 221.887 shares as an award/other acquisition on 2026-03-13. The filing lists a per-share price of $46.42, for a reported total value of approximately $10,300. This was a compensation-related issuance (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the standard two business-day window).
- Shares and price: 221.887 shares at $46.42 per share; total reported value ~$10,300.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes:
- F1: Execution date determined per SEC Rule 16a-3(g)(2) and (g)(4).
- F2: Shares were issued as director compensation under the company’s director compensation plan.
- F3: The amount includes shares acquired via automatic dividend reinvestment (DRIP), and those DRIP shares are exempt from Section 16 reporting requirements.
Context
This transaction reflects routine director compensation (stock awarded for service) rather than an independent buy or sell decision in the open market. While purchases can be a stronger signal of insider confidence, compensation awards like this are standard remuneration and should be interpreted accordingly. The filing appears timely and discloses that some of the shares result from dividend reinvestment, which may include fractional shares.