Herring Todd L 4
4 · ACNB CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
ACNB Director Todd Herring Receives 296 Shares as Award
What Happened Todd L. Herring, a director and Vice Chairman of ACNB Corp (ACNB), was granted 296.209 shares on 2026-03-13 as part of director compensation. The reported per-share value for the award was $46.42, representing a total value of $13,750. This was an award/compensation transaction (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Filing date (Form 4): 2026-03-17.
- Transaction type: Award/Grant/Other acquisition (code A).
- Shares received: 296.209; Price/value per share: $46.42; Total value: $13,750.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Execution date determined under SEC Rule 16a-3(g)(2) and (g)(4).
- F2: Shares were issued as director compensation under ACNB’s director compensation plan.
- F3: The amount includes shares purchased via automatic dividend reinvestment (DRIP), which are exempt from Section 16 reporting.
- Filing timeliness: Form 4 was filed 4 days after the transaction date; the filing does not include a late-filing notation.
Context This transaction reflects routine director compensation (stock award and reinvested dividends) rather than a purchase or sale by the insider. Such awards are commonly used to compensate board members and do not, by themselves, indicate a change in the insider’s market view.
Insider Transaction Report
- Award
ACNB Corporation Common
[F1][F2][F3]2026-03-13$46.42/sh+296.209$13,750→ 10,657.252 total
- 1,170.071(indirect: By Trust)
ACNB Corporation Common
[F3] - 1,052(indirect: By Spouse)
ACNB Corporation Common
Footnotes (3)
- [F1]The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
- [F2]The shares represent stock received as compensation for service as a director pursuant to a director compensation plan.
- [F3]This amount includes shares of common stock purchased for the same transaction date through the automatic reinvestment of dividends under the ACNB Corporation Dividend Reinvestment and Stock Purchase Plan, which are exempt from the reporting requirements of Section 16 of the Securities Exchange Act of 1934.