Bernard M. Lesavoy, a member of the board of directors at Embassy Bancorp, Inc. (EMYB), reported an acquisition of company stock on a Form 4 filed with the Securities and Exchange Commission. The filing discloses that Lesavoy purchased a total of 1,750 shares of Embassy Bancorp common stock on March 19, 2026.
The trade was executed in two tranches: 1,000 shares purchased at a price of $19.64 per share, and a further 750 shares acquired at $19.70 per share. The combined consideration for the two purchases came to $34,415.
Following these transactions, Lesavoy's direct ownership stake in Embassy Bancorp stands at 133,626.6342 shares. In addition to his direct holdings, the Form 4 lists several indirect positions associated with Lesavoy: 50,554 shares held through an IRA; 10,473.727 shares held as PUGTMA for his daughter; 8,628.9651 shares held as PUGTMA for one son; 7,802.1357 shares held as PUGTMA for another son; 2,839 shares held through a Spouse IRA; and 1,564.6084 shares held through Red Bird Associates LLC.
Market metrics included in the filing summary note that Embassy Bancorp's stock produced a 29% total return over the past year and is currently trading at a price-to-earnings ratio of 11.03. The company has a documented record of raising its dividend for 14 consecutive years, and its current dividend yield is reported at 2.44%.
According to InvestingPro analysis cited in the filing summary, the shares "appear undervalued" when compared to a Fair Value assessment. The Form 4 filing records the specific trade dates, share counts and prices but does not include commentary on future transactions or the director's investment intent.
Context and implications
The Form 4 submission provides a clear snapshot of an insider purchase and a detailed breakdown of both direct and indirect holdings associated with the director. While the filing confirms the execution prices and resulting ownership tallies, it does not provide additional forward-looking information or strategic rationale for the acquisition.