AUBURN NATIONAL (NASDAQ: AUBN) CEO logs RSU vesting and share withholding

Rhea-AI Filing Summary

AUBURN NATIONAL BANCORPORATION, INC. President and CEO David A. Hedges reported routine equity compensation activity related to previously granted restricted stock units. On the March 10, 2026 settlement date, 391 common shares were issued upon vesting of 550 restricted stock units, including 10 shares as dividend equivalents.

Of these, 169 shares were withheld by the company to cover tax obligations at a per-share value of $23.85, resulting in 381 net shares issued to Hedges. After these transactions, he directly owned 13,401 shares of common stock. The filing reflects compensation vesting and associated tax withholding rather than open-market buying or selling.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding; no open-market trading signal.

David A. Hedges, President and CEO of AUBURN NATIONAL BANCORPORATION, INC., reported vesting of equity awards previously granted as restricted stock units. On the March 10, 2026 settlement date, 391 common shares, including 10 dividend-equivalent shares, were issued as part of his compensation.

To satisfy tax withholding obligations, 169 shares were withheld by the company at a reference price of $23.85 per share, leaving 381 net shares issued. These transactions are coded as an award (A) and a tax-withholding disposition (F), which are standard compensation mechanics rather than discretionary market trades.

Following these entries, Hedges directly held 13,401 common shares. With no derivative positions listed in the filing and no open-market purchases or sales, the informational value for assessing his view on the stock is limited, and the activity appears routine.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hedges David A

Role President\CEO

Type	Security	Shares	Price	Value
Grant/Award	common stock, par value $0.01	10	$0.00	--
Tax Withholding	common stock, par value $0.01	169	$23.85	$4K

Holdings After Transaction: common stock, par value $0.01 — 13,570 shares (Direct)

Footnotes (1)

1. Represents 10 shares received on March 10, 2026 (the "Settlement Date") as dividend equivalents upon the vesting of 550 restricted stock units. 169 shares were withheld by the Issuer from the on the Settlement Date to satisfy tax withholding obligations based on the $23.85 per share closing price on the Nasdaq Global Market on the Settlement Date resulting in the issuance of 381 net shares. The reporting person previously reported the grant of 550 restricted stock units as an acquisition of common stock in Table I on July 24, 2025. On the Settlement Date, a total of 391 shares were issued to the Reporting Person.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/26/2026 - 01:33 PM Learn about SEC filing dates

FAQ

What insider transactions did AUBN President and CEO David Hedges report?

David Hedges reported vesting of 391 common shares from 550 previously granted restricted stock units, including 10 dividend-equivalent shares. As part of this settlement, 169 shares were withheld by the company to cover tax obligations, resulting in 381 net shares being issued to him.

Were the AUBN Form 4 transactions open-market buys or sells?

No, the AUBN Form 4 shows no open-market buys or sells. The filing reflects an equity award vesting and a tax-withholding disposition, where 169 shares were withheld to pay taxes on 391 shares issued from vested restricted stock units.

How many AUBN shares did David Hedges receive and how many were withheld for taxes?

David Hedges had 391 AUBN common shares issued upon restricted stock unit vesting, including 10 dividend-equivalent shares. Of these, 169 shares were withheld by the issuer to satisfy tax withholding obligations, leaving 381 net shares issued to him as part of his compensation.

What price was used to determine the tax withholding shares in the AUBN Form 4?

The tax withholding in the AUBN Form 4 used a reference price of $23.85 per share. At that price, 169 shares were withheld by the issuer on the settlement date to cover David Hedges’ tax obligations arising from the vesting of restricted stock units.

What is David Hedges’ AUBN share ownership after these reported transactions?

After the reported transactions, David Hedges directly owned 13,401 shares of AUBN common stock. This total reflects the issuance of 391 shares from vested restricted stock units and the withholding of 169 shares by the issuer for tax obligations on the settlement date.

What were the underlying awards behind David Hedges’ AUBN share issuance?

The issuance stemmed from 550 restricted stock units previously reported as an acquisition on July 24, 2025. On the March 10, 2026 settlement date, these units vested, leading to 391 shares being issued to David Hedges, including 10 shares as dividend equivalents.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hedges David A

(Last) (First) (Middle)

P. O. BOX 3110

(Street)

AUBURN ALABAMA 36831-3110

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AUBURN NATIONAL BANCORPORATION, INC [ AUBN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President\CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock, par value $0.01	03/10/2026		A		10(1)	A	$0	13,570	D
common stock, par value $0.01	03/10/2026		F		169(2)	D	$23.85	13,401(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 10 shares received on March 10, 2026 (the "Settlement Date") as dividend equivalents upon the vesting of 550 restricted stock units.

2. 169 shares were withheld by the Issuer from the on the Settlement Date to satisfy tax withholding obligations based on the $23.85 per share closing price on the Nasdaq Global Market on the Settlement Date resulting in the issuance of 381 net shares.

3. The reporting person previously reported the grant of 550 restricted stock units as an acquisition of common stock in Table I on July 24, 2025. On the Settlement Date, a total of 391 shares were issued to the Reporting Person.

Remarks:

This Form 4 is filed late.

	/S/ David A. Hedges	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)