Hooper Jeffrey N. 4

What Happened

Jeffrey N. Hooper, Chief Financial Officer of Peoples Bancorp of North Carolina, had 1,430 restricted stock units (RSUs) vest on January 20, 2026. Those RSUs were converted/settled for cash at a fair market value of $36.05 per share, resulting in a cash payment of $51,551. The Form 4 reports this as a derivative conversion (transaction code C) and a disposal of the derivative instrument—not an open-market sale of shares.

Key Details

• Transaction date: 2026-01-20; conversion price/value: $36.05 per share.
• Shares/units converted: 1,430 RSUs; total cash received: $51,551.
• Transaction type: Conversion/settlement of derivative security (RSUs) — reported as a disposal.
• Shares owned after transaction: Not disclosed in the filing.
• Filing date: 2026-02-06 — filed 17 days after the transaction (appears late relative to the typical 2-business-day Form 4 deadline).
• Relevant footnotes:
  • F1 — Each RSU entitled the holder to a cash payment equal to the fair market value of one share on vesting; the reporting person received $36.05 per unit on vesting.
  • F2 — No expiration date noted for the award.

Context

This was a cash settlement of vested RSUs (compensation), not a sale of existing company shares on the open market. Such cash-settled awards are common forms of executive compensation and do not necessarily signal buying or selling intent in the stock. Purchases (open-market buys) are generally more informative about insider sentiment; conversions/vestings are typically routine compensation events.