F&M Bank EVP granted 1,524 shares at $30.59
F&M BANK CORP (FMBM) reported that officer Charles C. Driest, EVP/Chief Experience Officer, received a grant of 1,524 shares of Common Stock on March 19, 2026.
Rhea-AI Filing Summary
F&M BANK CORP (FMBM) reported that officer Charles C. Driest, EVP/Chief Experience Officer, received a grant of 1,524 shares of Common Stock on March 19, 2026. The shares were acquired from the issuer under a transaction exempt from Section 16(b) pursuant to Rule 16b-3, bringing his direct holdings to 10,190 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,524 shares
Grant/Award
1 txn
Insider
Driest Charles C.
Role
EVP/Chief Experience Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,524 | $30.59 | $47K |
Holdings After Transaction:
Common Stock — 10,190 shares (Direct)
Footnotes (1)
- F1. This amendment is being filed to correct the transaction code to reflect an acquisition from the Issuer, which is exempt from Section 16(b) of the Securities Exchange Act per Rule 16b-3.
Key Figures
Shares granted: 1,524 shares of Common Stock
Grant value per share: $30.59 per share
Shares owned after transaction: 10,190 shares
3 metrics
Shares granted
1,524 shares of Common Stock
Grant, award, or other acquisition on March 19, 2026
Grant value per share
$30.59 per share
Reported transaction price for the March 19, 2026 grant
Shares owned after transaction
10,190 shares
Direct holdings of Charles C. Driest following the grant
Key Terms
Section 16(b), Rule 16b-3, grant, award, or other acquisition
3 terms
Section 16(b) regulatory
"exempt from Section 16(b) of the Securities Exchange Act per Rule 16b-3"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"exempt from Section 16(b) of the Securities Exchange Act per Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
grant, award, or other acquisition financial
"transaction code description is Grant, award, or other acquisition"
FAQ
What insider transaction did FMBM disclose for Charles C. Driest?
F&M BANK CORP disclosed that Charles C. Driest received a grant of 1,524 shares of Common Stock on March 19, 2026, classified as an acquisition from the issuer and reported as exempt from Section 16(b) under Rule 16b-3.
What are Charles C. Driest’s total FMBM holdings after this transaction?
After the March 19, 2026 grant, Charles C. Driest directly holds 10,190 shares of F&M BANK CORP Common Stock, as reported in the filing’s post-transaction ownership figure.
Why was this FMBM Form 4/A filed as an amendment?
The Form 4/A was filed to correct the transaction code so that it reflects an acquisition from the issuer, which the footnote states is exempt from Section 16(b) of the Exchange Act under Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
