ELSNER FRANK III 4

What Happened Frank Elsner III, a director of ACNB Corporation (ACNB), received two director compensation awards on 2026-06-15 totaling 186.693 shares of common stock. The grants were 182.269 shares at $56.51/share (≈ $10,300) and 4.424 shares at $56.51/share (≈ $250), for a combined value of about $10,550. These transactions are reported as awards/grants (transaction code A) rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-06-15; Report filed: 2026-06-17 (filed within the standard two-business-day window).
• Price reported: $56.51 per share.
• Shares received: 182.269 and 4.424, total 186.693 shares (~$10,550).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Execution date determined per SEC Rule 16a-3(g)(2) and (g)(4).
  • F2: Shares were issued as director compensation under the director compensation plan.
  • F3: Includes shares purchased via automatic dividend reinvestment (exempt from Section 16 reporting).
• Transaction code meaning: A = Award/Grant (compensation), not a market buy or sale.

Context This was a compensation award to a director, a routine corporate action that reflects pay-for-service rather than an open-market investment decision. Dividend-reinvested shares noted in the filing are exempt from Section 16 reporting and may be reported separately. Purchases or sales by insiders are generally watched more closely by investors for intent signals; grants like this are typically administrative/compensation in nature.