F&M Bank EVP granted 650 shares at $30.59
F&M BANK CORP (FMBM) reported that EVP/Chief Credit Officer Evan S. McHaffa acquired 650 shares of common stock on March 19, 2026.
Rhea-AI Filing Summary
F&M BANK CORP (FMBM) reported that EVP/Chief Credit Officer Evan S. McHaffa acquired 650 shares of common stock on March 19, 2026. The transaction is coded as a grant, award, or other acquisition from the issuer, leaving him with 650 shares held directly. The amendment states the code was corrected and notes the acquisition is exempt from Section 16(b) under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 650 shares
Grant/Award
1 txn
Insider
McHaffa Evan S.
Role
EVP/Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 650 | $30.59 | $20K |
Holdings After Transaction:
Common Stock — 650 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 acquired: 650 shares of Common Stock
Transaction price per share: $30.59 per share
Shares owned after transaction: 650 shares
+1 more
4 metrics
Shares acquired
650 shares of Common Stock
Grant, award, or other acquisition on March 19, 2026
Transaction price per share
$30.59 per share
Recorded price for the 650-share acquisition
Shares owned after transaction
650 shares
Direct ownership following the reported acquisition
Reported acquire transactions
1 transaction
Non-derivative acquisition reported in this Form 4/A
Key Terms
Section 16(b), Rule 16b-3, Grant, award, or other acquisition
3 terms
Section 16(b) regulatory
"which is exempt from Section 16(b) of the Securities Exchange Act"
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 in this Form 4/A amendment?
The filing reports that EVP/Chief Credit Officer Evan S. McHaffa acquired 650 shares of F&M BANK CORP common stock on March 19, 2026 as a grant, award, or other acquisition from the issuer, resulting in direct ownership of 650 shares.
What change is being corrected by this amended Form 4/A for FMBM?
The amendment corrects the transaction code to reflect that the 650-share acquisition was from the issuer and is exempt from Section 16(b) under Rule 16b-3 of the Securities Exchange Act.
Is the reported FMBM insider acquisition subject to Section 16(b) short-swing profit rules?
No. The footnote states the acquisition from the issuer is exempt from Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
