F&M Bank president granted 3,000 shares at $30.59
F&M BANK CORP (FMBM) reported that President Barton E. Black received a grant or award of 3,000 shares of Common Stock on March 19, 2026, at a stated value of $30.59 per share.
Rhea-AI Filing Summary
F&M BANK CORP (FMBM) reported that President Barton E. Black received a grant or award of 3,000 shares of Common Stock on March 19, 2026, at a stated value of $30.59 per share. This acquisition was from the issuer and, according to the footnote, is exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-3.
Following this grant, Mr. Black directly holds 14,102 shares of F&M BANK CORP common stock. In addition, a holding entry shows 145,948.21 shares allocated to him indirectly through the F&M Bank Corp. ESOP, reported as indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,000 shares
Grant/Award
2 txns
Insider
Black Barton E.
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 3,000 | $30.59 | $92K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,102 shares (Direct);
Common Stock — 145,948.21 shares (Indirect, Allocated to Mr. Black in F&M Bank Corp. ESOP)
Footnotes (1)
- F1. This amendment is being filed to correct the transaction code to reflect an acquisition form the Issuer, which is exempt from Section 16(b) of the Securities Exchange Act per Rule 16b-3.
Key Figures
Shares acquired (grant/award): 3,000 shares of Common Stock
Grant value per share: $30.59 per share
Direct holdings after transaction: 14,102 shares of Common Stock
+2 more
5 metrics
Shares acquired (grant/award)
3,000 shares of Common Stock
Grant or award acquisition on March 19, 2026
Grant value per share
$30.59 per share
Stated value for 3,000-share award on March 19, 2026
Direct holdings after transaction
14,102 shares of Common Stock
Direct ownership by Barton E. Black following March 19, 2026 grant
Indirect ESOP holdings
145,948.21 shares of Common Stock
Allocated to Mr. Black in F&M Bank Corp. ESOP, reported as indirect ownership
Rule referenced for exemption
Rule 16b-3
Footnote states acquisition from issuer is exempt from Section 16(b) per Rule 16b-3
Key Terms
Section 16(b), Rule 16b-3, ESOP, indirect ownership
4 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.
ESOP financial
"Allocated to Mr. Black in F&M Bank Corp. ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
indirect ownership financial
"reported as indirect ownership through the F&M Bank Corp. ESOP"
FAQ
What insider transaction did FMBM report for President Barton E. Black on March 19, 2026?
F&M BANK CORP reported that President Barton E. Black received a grant or award of 3,000 shares of common stock on March 19, 2026 at a stated value of $30.59 per share, acquired directly from the issuer.
What indirect FMBM holdings are reported for Barton E. Black in the ESOP?
The filing reports an indirect holding entry of 145,948.21 shares of F&M BANK CORP common stock, described as “Allocated to Mr. Black in F&M Bank Corp. ESOP”, reflecting shares held for his benefit through the ESOP.
Was the March 19, 2026 FMBM stock grant to Barton E. Black exempt under Section 16(b)?
Yes. A footnote states that the filing corrects the transaction code to reflect an acquisition from the issuer that is exempt from Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3.
Is the FMBM insider transaction for Barton E. Black under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
