Fidelity D & D (NASDAQ: FDBC) vice chair awarded 2,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fidelity D & D Bancorp vice chairman Michael J. McDonald reported an equity award on restricted common stock. He acquired 2,500 shares of restricted common stock at 45.1100 per share as a grant or award, increasing his direct holdings to 183,727.9595 shares.
The restricted stock award will fully vest over a three-year schedule, with one-third vesting each year. McDonald also reported indirect beneficial ownership of 167,406.8201 shares of restricted common stock as co-executor of an estate with interests attributed to his spouse and child.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MCDONALD MICHAEL J
Role
Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Common Stock | 2,500 | $45.11 | $113K |
| holding | Restricted Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Common Stock — 183,727.96 shares (Direct);
Restricted Common Stock — 167,406.82 shares (Indirect, As co-executor of an estate,spouse and child.)
Footnotes (1)
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FAQ
What did Michael J. McDonald report in the latest FDBC Form 4 filing?
Michael J. McDonald reported receiving an equity award of restricted common stock. The filing shows a grant of 2,500 shares at 45.1100 per share, increasing his directly owned stake to 183,727.9595 shares in Fidelity D & D Bancorp.
What are the vesting terms of Michael J. McDonald’s restricted stock award at FDBC?
The restricted stock award will fully vest over three years. The footnote explains that vesting occurs in thirds, with approximately 33⅓% of the shares vesting each year until the full 2,500-share award becomes vested at the end of the schedule.
Did the FDBC Form 4 show open-market buying or selling by Michael J. McDonald?
The filing shows a grant or award acquisition, not an open-market trade. The transaction is coded as an acquisition of restricted common stock, reflecting equity compensation rather than a discretionary market purchase or sale of Fidelity D & D Bancorp shares.
What role does Michael J. McDonald hold at Fidelity D & D Bancorp (FDBC)?
Michael J. McDonald is identified in the filing as a director and officer of Fidelity D & D Bancorp. His officer title is listed as Vice Chairman, and the reported restricted stock grant represents part of his equity-based compensation.