FVCBankcorp (FVCB) EVP Jackson has 506 shares withheld for taxes on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. executive Sharon L. Jackson reported a small, routine tax-related share disposition. On the vesting of a restricted stock unit award, she elected to cover a tax liability by having 506 shares of Common Stock withheld at a market price of $17.24 per share, in a transaction described as a tax-withholding disposition under Rule 16b-3. After this non-market event, she directly holds 23,824 shares of FVCBankcorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jackson Sharon L.
Role
EVP, Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 506 | $17.24 | $9K |
Holdings After Transaction:
Common Stock — 23,824 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 506 shares
Market price per share: $17.24 per share
Shares held after transaction: 23,824 shares
3 metrics
Shares withheld for taxes
506 shares
Tax-withholding disposition on RSU vesting
Market price per share
$17.24 per share
Valuation used for tax withholding
Shares held after transaction
23,824 shares
Direct holdings following tax-withholding event
Key Terms
restricted stock unit award, Rule 16b-3, tax-withholding disposition
3 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-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 insider transaction did FVCBankcorp (FVCB) executive Sharon L. Jackson report?
Sharon L. Jackson reported a tax-related share disposition, not an open-market trade. She had 506 shares of FVCBankcorp common stock withheld to cover taxes upon vesting of a restricted stock unit award, according to the Form 4 filing.