FVCBankcorp president exercises options, withholds shares
FVCBankcorp, Inc. president Patricia A. Ferrick reported a routine stock option exercise and related tax withholding in company shares.
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Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. president Patricia A. Ferrick reported a routine stock option exercise and related tax withholding in company shares. She exercised options to acquire 3,746 shares of common stock at $9.216 per share. To cover the associated tax liability, 714 shares were withheld by the issuer at a market price of $15.66 per share under Rule 16b-3. The filing reflects compensation-related equity activity rather than an open-market purchase or sale.
Insider Trade Summary
3,746 shares exercised/converted
Exercise
3 txns
Insider
FERRICK PATRICIA A
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 3,746 | $9.216 | $35K |
| Exercise | Common Stock | 3,746 | $9.216 | $35K |
| Exercise Price or Tax Liability | Common Stock | 714 | $15.66 | $11K |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 237,068 shares (Direct)
Footnotes (1)
- F1. The Reporting Person elected to pay for a tax liability by withholding securities incident to the vesting of a security (i.e., stock option award) based on a market price of $15.66 and issued in accordance with Rule 16b-3
Key Figures
Options exercised: 3,746 shares
Exercise price: $9.216 per share
Shares withheld for taxes: 714 shares
+4 more
7 metrics
Options exercised
3,746 shares
Common Stock acquired via stock option exercise
Exercise price
$9.216 per share
Exercise or conversion price for stock options
Shares withheld for taxes
714 shares
Tax-withholding disposition of Common Stock
Market price for withholding
$15.66 per share
Price used to calculate tax-withholding shares
Net shares from exercise
3,032 shares
3,746 exercised minus 714 withheld for taxes
Derivative transactions
1 transaction
Stock option exercise classified as derivative
Tax-withholding events
1 transaction
Disposition coded F for tax liability payment
Key Terms
stock option award, tax liability, Rule 16b-3, derivative security, +1 more
5 terms
stock option award financial
"incident to the vesting of a security (i.e., stock option award) based on a market price"
A stock option award is a grant that gives an employee the right to buy a company’s shares at a fixed price for a limited time, often becoming available gradually over a set schedule. Investors care because these awards align workers’ incentives with company performance, can increase employee loyalty, and may create future share dilution and compensation expense that affect earnings per share and shareholder value.
tax liability financial
"elected to pay for a tax liability by withholding securities incident to the vesting"
Rule 16b-3 regulatory
"based on a market price of $15.66 and issued in accordance with 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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FVCBankcorp (FVCB) president Patricia Ferrick report in this Form 4?
Patricia Ferrick reported exercising stock options for 3,746 FVCBankcorp common shares and having 714 shares withheld to pay taxes. These are compensation-related equity transactions rather than open-market buying or selling of stock.
What prices were used in Patricia Ferrick’s FVCBankcorp (FVCB) Form 4 transactions?
Ferrick’s options were exercised at an exercise price of $9.216 per share. For the tax-withholding disposition, the company used a market price of $15.66 per share to determine how many shares to withhold for the tax obligation.
Does this FVCBankcorp (FVCB) Form 4 indicate regular trading activity by the insider?
The transactions reflect stock option exercise and share withholding for taxes, not open-market trades. Codes M and F, along with the Rule 16b-3 reference, indicate routine compensation and tax handling rather than discretionary buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
