Avidbank (AVBH) EVP Victor DeMarco surrenders 158 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidbank Holdings EVP and Chief Legal Counsel Victor Francesco E. DeMarco reported a small share disposition to the company. On the vesting of restricted common stock, 158 shares of Avidbank common stock were withheld and disposed to the issuer at a price of $29.545 per share to cover obligations tied to the vesting. Following this withholding, DeMarco directly owns 16,440 shares of Avidbank common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEMARCO VICTOR FRANCESCO E.
Role
EVP, Chief Legal Counsel, Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 158 | $29.545 | $5K |
Holdings After Transaction:
Common Stock — 16,440 shares (Direct)
Footnotes (1)
- Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on February 24, 2026. Closing price of issuer's common stock on February 24, 2026.
FAQ
What insider transaction did Avidbank Holdings (AVBH) report for Victor DeMarco?
Avidbank Holdings reported that EVP and Chief Legal Counsel Victor Francesco E. DeMarco had 158 common shares withheld and disposed to the issuer upon vesting of restricted stock, using a price of $29.545 per share based on the February 24, 2026 closing price.
What does the disposition to issuer code 'D' mean in the AVBH Form 4?
In this AVBH Form 4, transaction code D indicates a disposition to the issuer. Here, 158 shares were withheld upon vesting of restricted stock and delivered back to Avidbank, commonly used to satisfy tax or similar obligations without an open-market sale.
What role does Victor DeMarco hold at Avidbank Holdings (AVBH) in this Form 4?
In this Form 4, Victor Francesco E. DeMarco is identified as an officer of Avidbank Holdings, serving as EVP, Chief Legal Counsel, and Secretary. The reported transaction reflects his personal, direct ownership of Avidbank common stock after restricted stock vesting.