Shinn Carol S. 4

What Happened

• Carol S. Shinn, Executive Vice President & Chief Operations Officer of Peoples Bancorp of North Carolina, had 526 shares issued to her on January 20, 2026 upon the vesting and conversion of restricted stock units (reported as a conversion of a derivative security). The shares were issued at an implicit price of $36.05 per share, totaling approximately $18,962. This is an award/vesting event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-02-06 (filed 17 days after the transaction)
• Transaction type/code: Conversion of derivative security (C) — RSU vesting and conversion to common stock
• Shares issued/acquired: 526 shares at $36.05 per share; total value ≈ $18,962
• Footnote: F1 — "The shares of common stock were issued to the Reporting Person on January 20, 2026 upon the vesting and conversion of restricted stock units."
• Shares owned after transaction: Not specified in the provided filing
• Timeliness: Filing posted 17 days after the transaction date (appears delayed beyond the typical 2-business-day Form 4 reporting window)

Context

• This was an issuance resulting from RSU vesting (an award); no immediate sale was reported. Such filings document compensation or retention-related stock awards and are not direct buy/sell signals about the insider’s market outlook.