Park National (PRK) director amends Form 4 to correct merger-related share holdings
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Park National Corp. director Jeff Agee filed an amended Form 4 to correct his reported common share holdings following a merger. The amendment reflects final allocations provided by the ESOP trustee and transfer agent and updates the number of shares acquired in the merger-related transactions.
After these adjustments as of February 1, 2026, Agee holds 7,778 common shares directly. He also has 19,288.293 common shares held indirectly through an ESOP, 833 common shares owned by his spouse, and 412.668 common shares held through his spouse’s ESOP. In addition, 23.13 common shares are reported as beneficially acquired through Park’s KSOP since the last reportable transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
AGEE JEFF
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Shares | 7,778 | $0.00 | -- |
| Other | Common Shares | 19,288.293 | $0.00 | -- |
| Other | Common Shares | 833 | $0.00 | -- |
| Other | Common Shares | 412.668 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 7,778 shares (Direct);
Common Shares — 19,288.293 shares (Indirect, Shares owned through ESOP)
Footnotes (1)
- On February 3, 2026, the reporting person filed a Form 4 to reflect the number of common shares of Park that he reasonably believed were held by him following the Merger. The ESOP trustee and transfer agent provided final allocations, and this amendment is being filed to reflect the correct number of shares that were acquired in the Merger. The number of common shares reported as beneficially acquired under Park's employee stock ownership plan (the "KSOP") since the date of the last reportable transaction.
Key Figures
Direct common shares: 7,778 shares
ESOP common shares: 19,288.293 shares
Spouse common shares: 833 shares
+4 more
7 metrics
Direct common shares
7,778 shares
Direct ownership following merger-related corrections as of February 1, 2026
ESOP common shares
19,288.293 shares
Indirect ownership through ESOP as of February 1, 2026
Spouse common shares
833 shares
Indirect ownership via spouse as of February 1, 2026
Spouse ESOP shares
412.668 shares
Indirect ownership through spouse’s ESOP as of February 1, 2026
KSOP shares
23.13 shares
Beneficially acquired under Park’s KSOP since last reportable transaction
Restructuring transactions
4 entries
Code J other acquisitions or dispositions on February 1, 2026
Restructuring shares total
28,311.961 shares
Shares involved in restructuring-type transactions per transaction summary
Key Terms
employee stock ownership plan, KSOP, ESOP, Merger, +2 more
6 terms
employee stock ownership plan financial
"reported as beneficially acquired under Park's employee stock ownership plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
KSOP financial
"reported as beneficially acquired under Park's employee stock ownership plan (the "KSOP")"
ESOP financial
"The ESOP trustee and transfer agent provided final allocations"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Merger financial
"shares that were acquired in the Merger"
A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.
Form 4 regulatory
"the reporting person filed a Form 4 to reflect the number of common shares"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficially acquired financial
"number of common shares reported as beneficially acquired under Park's employee stock ownership plan"
FAQ
What does Jeff Agee’s amended Form 4 for PRK report?
The amended Form 4 reports corrected common share holdings for director Jeff Agee following a merger. Final ESOP allocations led to updates in his direct, ESOP, spouse, and KSOP-related beneficial ownership positions in Park National Corp. common shares.
What does the KSOP entry mean in the PRK Form 4/A filing?
The KSOP entry reflects 23.13 Park National common shares reported as beneficially acquired under Park’s employee stock ownership plan since the last reportable transaction. This line is presented as an indirect holding, without a specific transaction code or per-share price.