Director at FIDELITY D & D BANCORP (FDBC) awarded 500 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clemente James reported acquisition or exercise transactions in this Form 4 filing.
Fidelity D & D Bancorp director James Clemente received a grant of 500 shares of restricted common stock at $45.11 per share. This award increased his directly owned holdings to 2,650 shares. The restricted stock vests over three years, with one-third vesting each year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clemente James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Restricted | 500 | $45.11 | $23K |
Holdings After Transaction:
Common Stock, Restricted — 2,650 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did FIDELITY D & D BANCORP (FDBC) report for James Clemente?
FIDELITY D & D Bancorp reported that director James Clemente acquired 500 shares of restricted common stock. The award was recorded at $45.11 per share, increasing his directly owned holdings to 2,650 shares after the transaction.
Was the FDBC insider transaction a market purchase or an equity award?
The FDBC insider transaction was an equity award, not a market purchase. Director James Clemente received a grant of 500 restricted shares classified as a grant, award, or other acquisition under Form 4 transaction code A.
What is the vesting schedule for James Clemente’s restricted stock award at FDBC?
The restricted stock award to James Clemente vests over three years. The footnote states it will vest one third each year, or approximately 33⅓% per year, until fully vested at the end of the three-year schedule.
What Form 4 transaction code was used in the FDBC insider filing for James Clemente?
The FDBC insider filing for James Clemente used transaction code A. This code indicates a grant, award, or other acquisition of securities, here representing the 500-share restricted stock award rather than an open-market buy or sell transaction.