David M. Lobach Jr., serving as Chairman, President, and Chief Executive Officer of Embassy Bancorp, Inc. (NASDAQ: EMYB), executed a series of stock purchases on June 8, 2026. The transactions involved the acquisition of 500 shares of the company's common stock, with a total value of $10,515. The per-share cost for these acquisitions ranged between $21.00 and $21.15.
Following this transaction, Mr. Lobach's direct ownership in Embassy Bancorp's common stock has increased to 373,531.2475 shares. This acquisition is part of a broader pattern of insider activity, as Mr. Lobach also maintains indirect holdings through several accounts. These include 118,400 shares held in an Individual Retirement Account (IRA), 54,800 shares held in a Spouse IRA, and 998.4998 shares held as PUGTMA for a grandchild.
The insider purchase comes at a time when Embassy Bancorp shares are trading near their 52-week high of $21.27. Over the past year, the stock has experienced a significant gain of 42%. The company has a history of returning value to shareholders, having raised its dividend for 14 consecutive years. The current dividend yield stands at 2.26%.
In a related development, Embassy Bancorp's Board of Directors has authorized an additional $5 million for its stock repurchase program. This expansion builds upon the initial authorization of $5 million set in October 2025. According to the company's quarterly report filed with the U.S. Securities and Exchange Commission, nearly all of the original authorization was utilized by the end of the first quarter of 2026. Under the initial program, the company repurchased 258,301 shares for a total of $4.856 million.
This expansion of the buyback program signifies the company's ongoing commitment to managing its capital structure. The move reflects Embassy Bancorp's confidence in its financial health and future prospects. Investors may view this as a positive signal about the company's valuation and financial strategy.