FVCBankcorp (FVCB) EVP Curry withholds 253 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. EVP and Chief Lending Officer Alissa Curry reported a routine tax-withholding transaction related to equity compensation. On the vesting of a restricted stock unit award, she had 253 shares of Common Stock withheld to cover a tax liability at a market price of $17.24 per share, as permitted under Rule 16b-3. After this non-market disposition, she continues to hold 20,447 shares of FVCBankcorp common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Curry Briggs Alissa
Role
EVP, Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 253 | $17.24 | $4K |
Holdings After Transaction:
Common Stock — 20,447 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 253 shares
Market price per share: $17.24 per share
Shares held after transaction: 20,447 shares
+2 more
5 metrics
Shares withheld for taxes
253 shares
Tax-withholding disposition on restricted stock unit vesting
Market price per share
$17.24 per share
Price used to value withheld shares for tax payment
Shares held after transaction
20,447 shares
Direct holdings of common stock following tax withholding
Tax-withholding transactions
1 transaction
Count of F-code tax-withholding dispositions in this Form 4
Tax-withholding shares total
253 shares
Total shares used to satisfy tax liability in this filing
Key Terms
restricted stock unit award, Rule 16b-3, tax liability, tax-withholding disposition
4 terms
restricted stock unit award financial
"incident to the vesting of a security (i.e., restricted stock unit award) based on a market price"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Rule 16b-3 regulatory
"based on a market price of $17.24 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.
tax liability financial
"elected to pay for a tax liability by withholding securities incident to the vesting"
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
What did FVCBankcorp (FVCB) executive Alissa Curry report in this Form 4?
Alissa Curry reported a tax-related share withholding. 253 common shares were withheld to cover taxes when a restricted stock unit vested at $17.24 per share, leaving her with 20,447 shares directly held afterward.
What role does Rule 16b-3 play in this FVCBankcorp Form 4?
The footnote explains the share withholding was carried out in accordance with Rule 16b-3. This rule governs certain insider transactions under equity compensation plans, allowing tax-withholding using shares when awards such as restricted stock units vest.
What type of security was involved in Alissa Curry’s FVCB transaction?
The transaction involved FVCBankcorp common stock, linked to the vesting of a restricted stock unit award. When the award vested, 253 shares of common stock were withheld to cover taxes rather than being sold on the open market.