Director James S. Abernethy filed a Form 4 with the SEC on October 29, 2026, reporting two open-market sales of Peoples Bancorp of North Carolina Inc common stock on October 28 and October 29, 2026.

Key Highlights

  • First sale: Abernethy disposed of 1,000 shares of common stock on October 28, 2026, at $43.79 per share, directly held.
  • Second sale: 600 shares were sold on October 29, 2026, at $43.93 per share, held indirectly through his son.
  • Post-transaction direct holdings: 64,626 shares held directly following the October 28 transaction, according to the filing.
  • Post-transaction indirect holdings: 34,300 shares held indirectly via son, plus 70,441 shares held indirectly as VP, Secretary and Chairman of Alexander Railroad Co.
  • Reporting person role: Abernethy is identified in the filing as a Director of Peoples Bancorp of North Carolina Inc, traded on NASDAQ:PEBK.
  • Transaction codes: Both transactions are coded "S," indicating open-market sales, with no Rule 10b5-1 plan box checked.

Abernethy's October 2026 Share Sales: Transaction Details

According to the filing, Director James S. Abernethy of Newton, North Carolina, reported two disposals of Peoples Bancorp of North Carolina Inc common stock across consecutive days. On October 28, 2026, Abernethy sold 1,000 directly held shares at a price of $43.79 per share. Following that transaction, his direct beneficial ownership stood at 64,626 shares, as stated in the filing.

The second transaction, dated October 29, 2026, involved the sale of 600 shares at $43.93 per share. The filing identifies these shares as held indirectly through his son. After this sale, the indirectly held position through his son totaled 34,300 shares. The filing also discloses a separate indirect holding of 70,441 shares through Abernethy's role as VP, Secretary and Chairman of Alexander Railroad Co., though no transaction was reported against that position.

Both transactions carry transaction code "S" under Instruction 8, consistent with open-market sales. The filing does not indicate that either transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, as the relevant checkbox was not selected. The Form 4 was signed by James S. Abernethy and dated October 29, 2026.

What Was Disclosed

The filing reports two open-market sales of Peoples Bancorp of North Carolina Inc common stock by Director James S. Abernethy, totaling 1,600 shares across October 28 and October 29, 2026, at prices of $43.79 and $43.93 per share respectively.