John W. Breda - 30 Nov 2023 Form 4 Insider Report for PARTNERS BANCORP

Reporting relationship: President & CEO, Director
Issuer ticker: N/A
Reported as of: 30 Nov 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 01 Dec 2023, 16:38:15 UTC
Source filing: View source filing
Reporting owner signature: /s/ J. Adam Sothen, as attorney-in-fact

Key filing fact

John W. Breda filed Form 4 for PARTNERS BANCORP on 01 Dec 2023.

Key facts

This page summarizes John W. Breda's Form 4 filing for PARTNERS BANCORP.
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 01 Dec 2023, 16:38.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PTRS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -29,946
Change %: -100%
Price
Shares after: 0
Date: 30 Nov 2023
Ownership: Direct
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

John W. Breda is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 22, 2023, by and between LINKBANCORP, Inc. ("LINK") and Partners Bancorp ("Partners"). Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each share of Partners common stock was converted into the right to receive 1.150 shares of common stock of LINK and cash in lieu of fractional shares. On November 30, 2023, the closing price of the issuer's common stock was $7.15 per share, and the closing price of LINK's common stock was $6.47 per share.