Peoples Bancorp (PEBK) CFO Jeffrey Hooper Receives RSU Award

What Happened
Jeffrey N. Hooper, Chief Financial Officer of Peoples Bancorp of North Carolina, was granted 890 restricted stock units (RSUs) on August 20, 2026. The grant is reported as an award (derivative security) at $0.00 per unit in the Form 4; the filing shows no immediate cash outlay or share purchase. These RSUs are cash‑settled upon vesting (see footnote).

Key Details

• Transaction type: Award/Grant (Form 4 code A) of 890 RSUs on 2026-08-20. Reported price: $0.00; reported aggregate immediate value: $0.
• Filing date: 2026-08-24 (filed within the normal Form 4 reporting window).
• Shares owned after transaction: Not provided in the supplied data.
• Footnotes: F1 — Each RSU represents the contingent right to receive a cash payment equal to the fair market value of one share of common stock upon vesting. F2 — No expiration date on the award.
• Nature of transaction: Derivative compensation award (not an open‑market purchase or sale).

Context
RSU grants are a common form of executive compensation and typically vest over time or based on performance; they do not represent immediate ownership of shares and are less directly indicative of insider buying or selling sentiment. Because these RSUs are cash‑settled, Hooper will receive cash equal to the stock’s fair market value at vesting rather than shares.