Director Devin Satz receives 2,000-share RSU grant at FVCBankcorp (FVCB)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Satz Devin reported acquisition or exercise transactions in this Form 4 filing.
FVCBankcorp, Inc. director Devin Satz received an equity compensation award tied to 2,000 shares of common stock. The footnote explains these shares are issuable upon vesting of restricted stock unit awards that vest in equal annual installments over four years, with the first installment vesting on the anniversary of the grant. Following this grant, Satz directly holds 165,656 shares of FVCBankcorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Satz Devin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 165,656 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU award size: 2,000 shares
Holdings after transaction: 165,656 shares
Vesting schedule: 4 years
3 metrics
RSU award size
2,000 shares
Restricted stock unit awards issuable upon vesting
Holdings after transaction
165,656 shares
Common stock directly held after the grant
Vesting schedule
4 years
Equal annual installments, first on grant anniversary
Key Terms
restricted stock unit awards, vesting, grant, award, or other acquisition
3 terms
restricted stock unit awards financial
"2,000 shares issuable upon vesting of restricted stock unit awards."
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
vesting financial
"The awards will vest in equal annual installments over four years"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did FVCBankcorp (FVCB) director Devin Satz report?
Director Devin Satz reported an acquisition of equity compensation linked to 2,000 FVCBankcorp common shares. These are restricted stock unit awards that convert into shares as they vest over time, rather than an open-market stock purchase.
What are the vesting terms of Devin Satz’s 2,000 FVCBankcorp restricted stock units?
The 2,000 restricted stock units vest in equal annual installments over four years. According to the footnote, the first installment will vest on the anniversary of the grant date, with the remaining installments vesting in subsequent years.
Was Devin Satz’s FVCBankcorp (FVCB) transaction an open-market stock purchase?
No. The transaction is coded as a grant or award acquisition, reflecting restricted stock unit awards. The Form 4 and footnote indicate these shares are issuable upon vesting, rather than being bought on the open market at a cash price.