FVCBankcorp, Inc. (FVCB) president exercises options and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. President and director Patricia A. Ferrick exercised stock options to acquire 19,212 shares of common stock at $9.216 per share, leaving 6,896 stock options outstanding from this award.
To cover tax obligations related to the exercise, 1,309 common shares were disposed of at $15.10 per share as a tax-withholding transaction, not an open-market sale. Following these transactions, Ferrick directly holds 215,886 shares of FVCBankcorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,212 shares exercised/converted
Mixed
3 txns
Insider
FERRICK PATRICIA A
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 19,212 | $9.216 | $177K |
| Exercise | Common Stock | 19,212 | $9.216 | $177K |
| Tax Withholding | Common Stock | 1,309 | $15.10 | $20K |
Holdings After Transaction:
Stock Options — 6,896 shares (Direct);
Common Stock — 217,195 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did FVCB President Patricia Ferrick report?
Patricia A. Ferrick reported exercising stock options for FVCBankcorp shares. She exercised options to acquire 19,212 common shares at $9.216 per share and used some of the resulting stock to satisfy related tax obligations through a share withholding transaction.
Does the FVCB Form 4 show any open-market buying or selling by Patricia Ferrick?
The Form 4 does not show open-market purchases or sales by Patricia Ferrick. It reports an option exercise converting 19,212 options into common shares and a 1,309-share tax-withholding disposition, which is a mechanistic step to satisfy tax obligations.
How many FVCB stock options remain from this award after the exercise?
Following the transaction, 6,896 stock options remain from this particular award. The Form 4 indicates this remaining derivative position after exercising 19,212 options originally granted with an exercise price of $9.216 per share.