James P. Chiaro - Dec 31, 2023 Form 5 Insider Report for FNCB Bancorp, Inc. (FNCB)

Role
EVP/CHIEF INV SERVICES OFFICER
Signature
/s/ James M. Bone, Jr., CPA, As Attorney in Fact
Stock symbol
FNCB
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
5
Date filed
2/7/2024, 03:33 PM
Previous filing
Jun 20, 2023
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FNCB COMMON STOCK 1.03K Dec 31, 2023 Direct F1
holding FNCB COMMON STOCK 6.87K Dec 31, 2023 By Chiaro Investment Services, LLC F2
holding FNCB COMMON STOCK 18.5K Dec 31, 2023 By Chiaro Investment Services, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount includes 14.133 shares acquired on 9/15/2023 and 13.539 shares acquired on 12/15/2023 under the Issuer's Dividend Reinvestment and Stock Purchase Plan.
F2 This amount represents 6,874 restricted shares of Issuer's common stock that were released effective 5/15/2023 (2,648 shares), 8/15/2023 (2,046 shares), and 11/15/2023 (2,180 shares). The restricted shares of common stock were released based on the achievement of quarterly net commissions and fees in accordance with a schedule set forth in the Purchase Agreement.
F3 Reflects remaining restricted shares of Issuer's common stock that were issued in connection with the purchase of substantially all of the assets of Chiaro Investment Services, LLC pursuant to the Asset Purchase Agreement dated September 30, 2022 and consummated on the same date ("Purchase Agreement"). The remaining restricted shares of common stock will be released based on the achievement of quarterly net commissions and fees in accordance with a schedule set forth in the Purchase Agreement. Any shares not eligible to be released by August 15, 2027 will be forfeited and canceled.