The estimated Net Worth of Oscar M Bean is at least $2.79 millió dollars as of 3 May 2024. Mr. Bean owns over 2,066 units of Summit Inc stock worth over $2,194,780 and over the last 21 years he sold SMMF stock worth over $522,626. In addition, he makes $74,741 as Independent Chairman of the Board at Summit Inc.
Oscar has made over 20 trades of the Summit Inc stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 2,066 units of SMMF stock worth $53,096 on 3 May 2024.
The largest trade he's ever made was selling 5,000 units of Summit Inc stock on 15 August 2016 worth over $100,650. On average, Oscar trades about 767 units every 116 days since 2003. As of 3 May 2024 he still owns at least 85,400 units of Summit Inc stock.
You can see the complete history of Mr. Bean stock trades at the bottom of the page.
Oscar M. Bean serves as Independent Chairman of the Board of the Company. He has served as a member of the Board of Directors of the Company since 1987 and has served as a member of the Board of Directors of Summit’s banking subsidiary since 1978. Mr. Bean was named Chairman of the Board of the Company in 1995, and has served in this capacity for the last 24 years. Mr. Bean is a lawyer and was formerly the prosecuting attorney of Hardy County, West Virginia. Mr. Bean served on the Board of the Moorefield Scholarship Fund and served as a member of the West Virginia University College of Law Visiting Committee. Mr. Bean is currently the Chairman of the Eastern West Virginia Community and Technical College Foundation, a member of the Hardy County Community Foundation Board and is a Partner of Bean & Bean, Attorneys at Law. Since March, 2017, Mr. Bean has been a member of the West Virginia Supreme Court’s Character Committee which interviews applicants who seek to be admitted to practice law in the State of West Virginia. Mr. Bean also chairs the Executive Committee and Compensation and Nominating Committee and is a member of the Asset/Liability and Funds Management Committee.
As the Independent Chairman of the Board of Summit Inc, the total compensation of Oscar Bean at Summit Inc is $74,741. There are 10 executives at Summit Inc getting paid more, with H. Charles Maddy having the highest compensation of $1,140,710.
Oscar Bean is 69, he's been the Independent Chairman of the Board of Summit Inc since 1995. There are 3 older and 22 younger executives at Summit Inc. The oldest executive at Summit Financial Group Inc is Dewey Bensenhaver, 73, who is the Independent Director.
Oscar's mailing address filed with the SEC is PO BOX 30, , MOOREFIELD, WV, 26836.
Over the last 22 years, insiders at Summit Inc have traded over $4,773,269 worth of Summit Inc stock and bought 227,671 units worth $6,377,691 . The most active insiders traders include Gary L Hinkle, Jeffrey E. Hott és H Charles Iii Maddy. On average, Summit Inc executives and independent directors trade stock every 21 days with the average trade being worth of $74,556. The most recent stock trade was executed by Charles Piccirillo on 3 May 2024, trading 7,793 units of SMMF stock currently worth $200,280.
summit financial group, inc. is a financial holding company which provides community banking and insurance services . summit’s community banking operations consist of 15 banking offices located in the eastern panhandle and south central regions of west virginia and in the shenandoah valley and northern regions of virginia. summit financial group inc.’s affiliate entities are: summit community bank, a state chartered community bank , and summit insurance services, llc, a full lines insurance agency.
Summit Inc executives and other stock owners filed with the SEC include: