David J. Nasca - Mar 21, 2024 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 21, 2024
Transactions value $
-$11,398
Form type
4
Date filed
3/22/2024, 02:56 PM
Previous filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVBN Common Stock Options Exercise $24K +798 +0.83% $30.09 97.2K Mar 21, 2024 Direct
transaction EVBN Common Stock Tax liability -$11.4K -383 -0.39% $29.76 96.8K Mar 22, 2024 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 -$24K -798 -33.33% $30.09 1.6K Mar 21, 2024 Common Stock 798 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 383 shares were sold at the average price of $29.76. The shares were sold as follows: 312 shares sold at $29.75, 48 shares at $29.77 and 23 shares sold at $29.83.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On March 21, 2023, the reporting person was granted 2,394 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