FB Bancorp awards options, stock to risk chief
FB Bancorp Chief Risk/Credit Officer Patrick L. Griggs received equity compensation grants.
Rhea-AI Filing Summary
FB Bancorp Chief Risk/Credit Officer Patrick L. Griggs received equity compensation grants. He was awarded stock options on 100,000 shares of Common Stock at an exercise price of $13.5200 per share, expiring on March 25, 2036, vesting 20% annually starting March 25, 2027.
He also received 40,000 shares of restricted Common Stock, which vest 20% per year beginning on March 25, 2027. Following these awards, he holds 45,000 shares of Common Stock directly and 1,567 shares indirectly through an ESOP, plus the newly granted options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 100,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 40,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Shares of restricted stock vest at a rate of 20% per year commencing on March 25, 2027.
- F2. Reflect transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- F3. Stock options vest at a rate of 20% per year commencing on March 25, 2027.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FBLA insider Patrick L. Griggs receive in this Form 4 filing?
What are the terms of the stock options granted to FBLA’s Patrick L. Griggs?
How do the restricted stock awards for FBLA’s Patrick L. Griggs vest?
Were these FBLA transactions open-market purchases or sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.