Michael B. Macy, Executive Vice President and Chief Lending Officer of Business Banking at Embassy Bancorp, Inc. (NASDAQ:EMYB), recently acquired additional shares of the company's common stock. According to a regulatory filing, Macy purchased 1,000 shares on December 13, 2024, at a price of $16.50 per share, amounting to a total investment of $16,500. The purchase comes as the stock trades at its 52-week high, having delivered an impressive 29% return over the past six months. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with several additional insights available to subscribers. This purchase increased his direct ownership to 4,748.4461 shares.
Additionally, Macy was granted 321 shares of restricted stock on the same day under the company's Amended and Restated 2010 Stock Incentive Plan. These shares are set to vest in equal parts over the next three years. The filing also noted that Macy's (NYSE:M) holdings include shares acquired through the company's Employee Stock Purchase Plan and dividend reinvestment plan.
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