Colter David M 4
Research Summary
AI-generated summary
Bar Harbor Bankshares Director David Colter Receives 19.657 Shares
What Happened
David M. Colter, a director of Bar Harbor Bankshares (BHB), acquired 19.657 shares on 2026-06-18 at $36.10 per share, a transaction valued at roughly $710. The acquisition was recorded as an award/grant or other acquisition (code A) rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-06-18 at $36.10 per share for 19.657 shares (≈ $710 total).
- Shares owned after transaction: Not specified in the filing.
- Footnote: Shares were acquired under the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan; the transaction is exempt under Rule 16b-3(d).
- Filing timing: Form 4 was filed on 2026-06-23 for a 2026-06-18 transaction (filed five days after the trade date).
Context
This was a dividend reinvestment plan (DRIP) acquisition — a routine, non-discretionary way for insiders to convert dividends into additional shares. Such small DRIP purchases are common and generally reflect automatic reinvestment rather than a discretionary buy signal. The Rule 16b-3(d) exemption is typical for these plan-based acquisitions.