FVCBankcorp (FVCB) director granted 2,000 restricted stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. director Phillip R. Wills III received an award tied to 2,000 shares of common stock. According to the footnote, these shares are issuable upon vesting of restricted stock unit awards that vest in equal annual installments over four years. Following this compensation-related acquisition, he directly holds 55,694 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wills Phillip R. III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 55,694 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 2,000 shares
Shares held after transaction: 55,694 shares
Vesting schedule: 4 years
+1 more
4 metrics
Restricted stock units granted
2,000 shares
Grant of common stock-related awards to director
Shares held after transaction
55,694 shares
Direct holdings following reported award
Vesting schedule
4 years
Equal annual installments; first vesting on grant anniversary
Transaction price per share
$0.0000
Indicates compensation-related grant, not market purchase
Key Terms
restricted stock unit awards, vest in equal annual installments, transaction code A
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.
vest in equal annual installments financial
"The awards will vest in equal annual installments over four years"
transaction code A financial
"transaction_code": "A","transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did FVCB director Phillip R. Wills III report?
Phillip R. Wills III reported an acquisition of rights tied to 2,000 shares of FVCBankcorp common stock as a restricted stock unit award. The grant is compensation-related and not an open-market purchase of shares at a cash price.
How do the 2,000 FVCB restricted stock units for Phillip R. Wills III vest?
The 2,000 restricted stock unit awards for Phillip R. Wills III vest in equal annual installments over four years. The first installment vests on the anniversary of the grant date, with remaining installments vesting on subsequent anniversaries.
Is the FVCB Form 4 transaction by Phillip R. Wills III a market buy or a grant?
The Form 4 classifies the event as a grant or award acquisition, not a market buy. The transaction code is A, and the footnote clarifies these are restricted stock unit awards that will vest over time, rather than shares purchased on the open market.