David J. Nasca - Mar 15, 2023 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Role
President and CEO, Director
Signature
/s/Jessica L. Brosius, Attorney in Fact for David J. Nasca
Stock symbol
EVBN
Transactions as of
Mar 15, 2023
Transactions value $
$12,781
Form type
4
Date filed
3/16/2023, 03:49 PM
Previous filing
Feb 9, 2023
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVBN Common Stock Options Exercise $24.5K +706 +0.75% $34.67 95.5K Mar 15, 2023 Direct
transaction EVBN Common Stock Tax liability -$11.7K -341 -0.36% $34.30 95.1K Mar 16, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EVBN Restricted Stock Unit Options Exercise $0 -706 -33.33% $0.00 1.41K Mar 15, 2023 Common Stock 706 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 341 shares were sold as follows: 40 shares at $34.30, 94 shares at $34.315, 64 shares at $34.325, 143 share at $34.33.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On March 15, 2022, the reporting person was granted 2,118 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F4 No expiration date for this type of award