Fidelity D & D Bancorp Inc disclosed a director-level stock purchase and a senior credit executive departure in filings with the Securities and Exchange Commission.
According to a Form 4 filed with the SEC, Vice Chairman Michael J. McDonald bought 10,414.4970 shares of the company's common stock on February 5, 2026. The shares were acquired at a per-share price of $48.01, bringing the total consideration for the purchase to approximately $500,000.
Following that transaction, the filing indicates McDonald holds 181,227.9595 shares directly. In addition, he has an indirect ownership interest of 167,406.8201 shares as co-executor of an estate and through holdings attributable to his spouse and child.
In a separate disclosure, Fidelity D & D Bancorp announced the termination of Michael J. Pacyna Jr. from his role as Executive Vice President and Chief Credit Officer at its subsidiary, Fidelity Deposit and Discount Bank. The company made the announcement via a press release that was filed with the SEC.
The separation agreement with Mr. Pacyna provides for severance pay covering 28 weeks. He is also slated to receive his 2025 executive bonus, which the company says is scheduled for payment in January 2026. The combined amount of these payments is $239,975.02, as stated in the filing.
Fidelity D & D Bancorp noted the departure represents a significant change in the subsidiary's executive ranks. The company has not supplied additional information about a replacement for the Chief Credit Officer position.
The filings together outline a notable insider acquisition by a senior board member and an executive-level personnel change within the bank subsidiary. The disclosures provide specifics on holdings, transaction pricing and the financial terms of the executive separation, while leaving questions about succession unaddressed.