FULK BRETT D 4

What Happened

• Brett D. Fulk, Executive Vice President of ACNB Corp (ACNB), was granted a Variable Equity Award of 3,239.293 restricted shares on March 13, 2026. The award is valued at $46.42 per share for a total grant value of $150,368.
• To satisfy the tax withholding obligation, 315.184 of the granted shares were withheld by the issuer (not sold on the open market) at the same price, representing $14,631. Net shares issued to Fulk after withholding: 2,924.109 shares.

Key Details

• Transaction date: March 13, 2026; Filing date: March 17, 2026 (filed within the SEC’s 2-business-day window).
• Grant terms: 3,239.293 shares @ $46.42 = $150,368 (award code A).
• Tax withholding: 315.184 shares @ $46.42 = $14,631 (withheld; code F). The shares were retained by ACNB to cover tax liability—no open-market sale by the insider.
• Vesting: One-third (1/3) of this Variable Equity Award vested 100% on the grant date (3/13/2026). The next one-third vests 100% on 1/1/2027 and the final one-third vests 100% on 1/1/2028.
• Shares owned after transaction: Not reported in the Form 4 provided.
• Execution/date note: Date determined per SEC Rule 16a-3(g)(2) and (g)(4) (standard procedural detail).

Context

• This was a restricted stock award (compensation-related grant), not a purchase or open-market sale. The taxable portion was satisfied by share withholding (common practice for equity awards), so there was no cashless sale by the insider.
• Awards and standard withholding do not necessarily indicate a positive or negative view of the stock; they reflect compensation and tax mechanics.