John B. Connerton - 21 Apr 2025 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Role
Treasurer
Signature
/s/David Krajewski, Attorney in Fact for John B. Connerton
Issuer symbol
EVBN
Transactions as of
21 Apr 2025
Net transactions value
-$81,183
Form type
4
Filing time
23 Apr 2025, 17:25:40 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 $76,696 +2,134 +10% $35.94 22,898 21 Apr 2025 Direct
transaction EVBN Common Stock Options Exercise $123,310 +3,431 +15% $35.94 26,329 21 Apr 2025 Direct
transaction EVBN Common Stock Tax liability $81,183 -2,129 -8.1% $38.13 24,200 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 Performance Stock Units Options Exercise $76,696 -2,134 -50% $35.94 2,134 21 Apr 2025 Common Stock 2,134 Direct F1, F2, F3
transaction EVBN Restricted Stock Units Options Exercise $123,310 -3,431 -50% $35.94 3,431 21 Apr 2025 Common Stock 3,431 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 2,134 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 2,134 shares of restricted stock, and were transferred to the executive on 4/21/2025.
F3 No expiration date for this type of award
F4 The reporting person was granted 5,615 restricted stock units. The 3,431 shares in this event have been accelerated and will be the final vesting for this grant type.