James S. Abernethy, who serves as a director of Peoples Bancorp of North Carolina Inc (NASDAQ: PEBK), completed the sale of 477 shares of the company’s common stock on March 3, 2026. The shares were sold at $37.60 apiece, producing gross proceeds of $17,935.
Following that sale, Abernethy retains direct ownership of 70,426 shares of Peoples Bancorp common stock. He also holds additional positions in the company through other channels: 37,000 shares are owned indirectly through his son, and 70,441 shares are held in his capacity as Vice President, Secretary and Chairman of Alexander Railroad Co.
In separate corporate action, Peoples Bancorp of North Carolina announced a special cash dividend of $0.17 per share. The dividend was declared with a shareholder record date of February 4, 2026, and the payment was scheduled for February 13, 2026. The company described the distribution as a reflection of its financial position and an effort to deliver value to shareholders.
Peoples Bancorp operates a network of banking offices across multiple counties in North Carolina, and maintains loan production offices in additional counties. The announcement of the special dividend and the disclosed insider transaction are part of the company’s recent public disclosures regarding shareholder returns and insider holdings.
The facts presented here are limited to the company’s public disclosure of the transaction, the current ownership breakdown attributed to Abernethy, and the special dividend details as stated by Peoples Bancorp. The motives for the insider sale were not stated in the disclosed information, and no additional corporate actions or financial results were described alongside the dividend announcement.