Colony Bankcorp (CBAN) Chief Banking Officer Edward Canup Buys Stock

What Happened
Edward G. Canup, Chief Banking Officer of Colony Bankcorp, reported four open-market purchases of common stock between August 18 and August 20, 2026. He acquired a total of 4,000 shares: 1,000 shares at $22.00 ($22,000) on Aug 18; 1,000 shares at $21.75 ($21,750) and 1,000 shares at $21.50 ($21,500) on Aug 19; and 1,000 shares at $21.25 ($21,250) on Aug 20. Total cash outlay for these purchases was $86,500 (average price $21.625 per share). These were purchases (P), which are generally viewed as a more directly informative insider action than routine sales.

Key Details

• Transaction dates & prices:
  • 2026-08-18: 1,000 shares @ $22.00 (F1) — $22,000
  • 2026-08-19: 1,000 shares @ $21.75 (F2) — $21,750
  • 2026-08-19: 1,000 shares @ $21.50 (F3) — $21,500
  • 2026-08-20: 1,000 shares @ $21.25 (F4) — $21,250
• Total purchased: 4,000 shares for $86,500 (avg. $21.625/share).
• Footnotes:
  • F1–F3: "Includes shares acquired through reinvested dividends and salary deferral."
  • F4: "Includes shares acquired through 401(k) company match, reinvested dividends and salary deferral."
• Transaction type: Open market/private purchases (code P).
• Shares owned after transaction: Not disclosed in this filing.
• Filing: Report filed 2026-08-20 covering transactions Aug 18–20; no late filing indicated.

Context

• These are outright purchases, not option exercises or gifts. Purchases by executives can be interpreted as the insider adding to their stake, though filings are factual records and do not explain motivation.
• Footnotes indicate some acquisitions involve dividend reinvestment, salary deferral and a 401(k) company match, which can reflect routine payroll/benefit-driven accumulation alongside open-market buys.