DAVID J. NASCA - 21 Apr 2025 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Signature
/s/David Krajewski, Attorney in Fact for David J. Nasca
Issuer symbol
EVBN
Transactions as of
21 Apr 2025
Transactions value $
-$190,473
Form type
4
Filing time
23 Apr 2025, 17:24:39 UTC
Previous filing
25 Mar 2025
Next filing
02 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVBN Common Stock Options Exercise $195,513 +5,440 +5.1% $35.94 113,050 21 Apr 2025 Direct
transaction EVBN Common Stock Options Exercise $268,471 +7,470 +6.6% $35.94 120,520 21 Apr 2025 Direct
transaction EVBN Common Stock Tax liability -$190,472 -4,999 -4.1% $38.1 115,521 23 Apr 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 Restricted Stock Units Options Exercise -$268,471 -7,470 -50% $35.94 7,470 21 Apr 2025 Common Stock 7,470 Direct F1, F2, F3
transaction EVBN Performance Stock Unit Options Exercise -$195,513 -5,440 -50% $35.94 5,440 21 Apr 2025 Common Stock 5,440 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The reporting person was granted 12,401 restricted stock units. The 7,470 shares in this event have been accelerated and will be the final vesting for this grant type.
F3 No expiration date for this type of award
F4 The reporting person was granted 5,440 performance stock units subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. The vest period was accelerated and the shares vested at 100% of target, resulting in the vesting of 5,440 shares of restricted stock, and were transferred to the executive on 4/21/2025.