Brian C. Mahlstedt - 01 Jul 2024 Form 4 Insider Report for FNCB Bancorp, Inc.

Role
EVP/CHIEF LENDING OFFICER
Signature
/s/ Stephanie A. Westington, CPA, as Attorney in Fact for Brian C. Mahlstedt
Issuer symbol
N/A
Transactions as of
01 Jul 2024
Net transactions value
-$29,936
Form type
4
Filing time
01 Jul 2024, 17:31:20 UTC
Previous filing
16 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNCB COMMON STOCK Tax liability $29,936 -4,435 -6.3% $6.75 65,690 01 Jul 2024 Direct F1
transaction FNCB COMMON STOCK Disposed to Issuer $0 -6,856 -10% $0.000000 58,834 01 Jul 2024 Direct F2
transaction FNCB COMMON STOCK Disposed to Issuer -58,834 -100% 0 01 Jul 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brian C. Mahlstedt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's Common Stock forfeited by the Reporting Person to the Issuer for payment of tax liability by withholding shares of the Issuers' Common Stock incident to the vesting of shares of the Issuer's Common Stock issued in accordance with Rule 16b-3.
F2 Represents the disposition of shares of the Issuer's Common Stock to the Issuer pursuant to Rule 16b-3(e).
F3 The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 27, 2023, by and between Peoples Financial Services Corp. ("Peoples") and FNCB Bancorp, Inc. ("FNCB"). Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each share of common stock, $1.25 par value, of FNCB was converted into the right to receive 0.1460 shares of common stock, $2.00 par value, of Peoples and cash in lieu of fractional shares.