Turner Timothy Paul 4

What Happened
Turner Timothy Paul, EVP and Chief Credit Officer of Peoples Bancorp of North Carolina, received 397 shares of common stock on January 20, 2026. The shares were issued upon the vesting and conversion of restricted stock units at an implicit value of $36.05 per share, totaling $14,312. This was not an open-market purchase or sale but a conversion of a compensation award into stock.

Key Details

• Transaction date: January 20, 2026; Filing date: February 6, 2026 (file appears to be late for a Form 4 filing).
• Transaction type: Conversion of derivative security / RSU vesting (footnote: shares issued upon vesting and conversion of restricted stock units).
• Quantity and price: 397 shares at $36.05 per share; total value ≈ $14,312.
• Shares owned after transaction: Not specified in the filing.
• No sale reported—these shares were issued as compensation rather than bought or sold in the market.

Context
Conversion of RSUs into common shares is a routine form of executive compensation and does not, by itself, indicate a change in the insider’s market view. Unlike purchases, such awards are compensation-driven and are common for retaining executives. The late filing may affect timely transparency but does not change the nature of the transaction.