Berwager Emily E 4

4 · ACNB CORP · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

ACNB SVP Emily Berwager Receives Restricted Stock Award

What Happened

Emily E. Berwager, Senior Vice President at ACNB Bank, was granted 1,734.166 shares of restricted stock (award code A) on 2026-03-13 at an imputed price of $46.42 per share, valued at $80,500. To cover tax withholding (code F), 181.063 of those shares were withheld by the issuer at the same price (value $8,405). Net shares retained from the grant: 1,553.103.

Key Details

Transaction date: March 13, 2026. Grant price used for reporting: $46.42 per share.
Award: 1,734.166 shares (value $80,500); Withholding: 181.063 shares (value $8,405).
Net shares received: 1,553.103 shares (1,734.166 - 181.063).
Shares owned after the transaction: Not disclosed in this filing.
Footnotes: The award is a Variable Equity Award granted as restricted stock under the ACNB Bank Variable Compensation Plan and the ACNB Corporation 2018 Omnibus Stock Incentive Plan. One‑third of the award (the portion granted 3/13/2026) is 100% vested on the grant date; the remaining two thirds vest 1/1/2027 and 1/1/2028. The withheld shares were retained by the issuer to satisfy tax withholding—no open‑market sale by the executive.
Filing timeliness: Filed 2026-03-17 for a 2026-03-13 transaction (timely based on business-day reporting).

Context

This was a compensation grant (award), not an open-market purchase or sale. Tax withholding via share retention is a routine administrative step and should not be interpreted as a sale indicating sentiment. The staggered vesting schedule means additional shares will vest on future dates.

Form 4

Period: 2026-03-13

Other

Transactions

Award
ACNB Corporation Common
[F1][F2]
2026-03-13$46.42/sh+1,734.166$80,500→ 6,207.374 total
Tax Payment
ACNB Corporation Common
[F1][F3]
2026-03-13$46.42/sh−181.063$8,405→ 6,026.311 total

Footnotes (3)

[F1]The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
[F2]One-third (1/3) of this Variable Equity Award, granted in the form of restricted stock under the ACNB Bank Variable Compensation Plan and pursuant to the ACNB Corporation 2018 Omnibus Stock Incentive Plan, is 100% vested as of the Grant Date of March 13, 2026, with the next one-third (1/3) 100% vested as of January 1, 2027, and the final one-third (1/3) 100% vested as of January 1, 2028.
[F3]The shares disposed were withheld by the Issuer and/or its subsidiary ACNB Bank for payment of the tax liability by withholding of securities, on the first one-third (1/3) vested as of the Grant Date of March 13, 2026, in accordance with SEC Rule 16b-1. For clarification, the executive did not sell the shares.

Signature

/s/ Emily E. Berwager|2026-03-17

1 file