Tom N. Rasmussen - Mar 15, 2023 Form 4 Insider Report for ACNB CORP (ACNB)

Role
ACNB Bank EVP
Signature
/s/ Tom N. Rasmussen
Stock symbol
ACNB
Transactions as of
Mar 15, 2023
Transactions value $
$90,621
Form type
4
Date filed
3/21/2023, 02:34 PM
Previous filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACNB ACNB Corporation Common Award $102K +3.18K +34.48% $31.92 12.4K Mar 15, 2023 Direct F1, F2, F3
transaction ACNB ACNB Corporation Common Tax liability -$11K -344 -2.77% $31.92 12.1K Mar 15, 2023 Direct F1, F4
holding ACNB ACNB Corporation Common 4.7K Mar 15, 2023 Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 15, 2023, with the next one-third (1/3) 100% vested as of January 1, 2024, and the final one-third (1/3) 100% vested as of January 1, 2025.
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.
F4 This amount is in payment of the tax liability, by withholding of securities, on the first one-third (1/3) vested as of the Grant Date of March 15, 2023, in accordance with SEC Rule 16b-3.