Blue Ridge (BRBS) director granted 9,694 restricted shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bost Hunter H. reported acquisition or exercise transactions in this Form 4 filing.
BLUE RIDGE BANKSHARES, INC. director Hunter H. Bost reported receiving a grant of 9,694 shares of common stock at $3.59 per share. Footnotes state this stock was received in lieu of cash compensation and is restricted stock subject to a vesting schedule, meaning it vests over time rather than being fully transferable immediately.
Following the award, Bost directly holds about 178,190 shares of common stock. The filing also shows indirect holdings of 9,750 shares held by the William S. Bost, Jr. Trust and 18,321 shares held by a parent as power of attorney for Alice H. Bost. These entries reflect compensation and ownership reporting, not open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bost Hunter H.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,694 | $3.59 | $35K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 178,190.035 shares (Direct, null);
Common Stock — 18,321 shares (Indirect, By Parent as POA- Alice H. Bost)
Footnotes (1)
- Stock received in lieu of cash compensation Restricted stock subject to a vesting schedule
Key Figures
Restricted stock grant: 9,694 shares
Grant price: $3.59 per share
Direct holdings after grant: 178,190.0349 shares
+2 more
5 metrics
Restricted stock grant
9,694 shares
Common Stock award in lieu of cash compensation
Grant price
$3.59 per share
Price used for the restricted stock compensation grant
Direct holdings after grant
178,190.0349 shares
Common Stock directly held by Hunter H. Bost after the award
Trust indirect holdings
9,750 shares
Held by William S. Bost, Jr. Trust
POA indirect holdings
18,321 shares
Held by parent as POA for Alice H. Bost
Key Terms
restricted stock, vesting schedule, in lieu of cash compensation, indirect ownership, +1 more
5 terms
restricted stock financial
"Restricted stock subject to a vesting schedule"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting schedule financial
"Restricted stock subject to a vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
in lieu of cash compensation financial
"Stock received in lieu of cash compensation"
indirect ownership financial
"Shares reported as indirect ownership through a trust or parent as POA"
power of attorney financial
"By Parent as POA- Alice H. Bost"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What do the footnotes in the BRBS Form 4 say about the stock grant to Hunter H. Bost?
The footnotes explain the BRBS stock was received instead of cash compensation and is restricted stock. They state the award is subject to a vesting schedule, indicating the shares become fully owned over time rather than being immediately unrestricted upon grant.
How is indirect ownership reported in Hunter H. Bost’s BRBS Form 4 filing?
Indirect ownership is reported through specific entities and relationships. The filing lists 9,750 BRBS shares held by the William S. Bost, Jr. Trust and 18,321 shares held by a parent as power of attorney for Alice H. Bost, separate from Bost’s direct holdings.