Kenneth D. Pawlak - 17 Mar 2025 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Role
EVP - Chief Growth Officer
Signature
/s/Jessica L. Brosius, Attorney in Fact for Kenneth D. Pawlak
Issuer symbol
EVBN
Transactions as of
17 Mar 2025
Net transactions value
-$10,887
Form type
4
Filing time
19 Mar 2025, 16:18:25 UTC
Previous filing
18 Nov 2024
Next filing
21 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVBN Common Stock Options Exercise $9,752 +250 +4.1% $39.01 6,302 17 Mar 2025 Direct
transaction EVBN Common Stock Tax liability $3,473 -89 -1.4% $39.02 6,213 18 Mar 2025 Direct
transaction EVBN Common Stock Options Exercise $17,554 +450 +7.2% $39.01 6,663 17 Mar 2025 Direct
transaction EVBN Common Stock Tax liability $7,414 -190 -7.1% $39.02 2,473 18 Mar 2025 Direct

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 Performance Stock Unit Options Exercise $17,554 -450 -50% $39.01 450 17 Mar 2025 Common Stock 450 Direct F1, F2, F3
transaction EVBN Restricted Stock Unit Options Exercise $9,752 -250 -50% $39.01 250 17 Mar 2025 Common Stock 250 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert into common stock on a one-for-one basis.
F2 On March 15, 2022, the reporting person was granted performance stock units, the earned units represent 60% of the total units granted
F3 No expiration date for this type of award
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 On March 15, 2022, the reporting person was granted 748 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.