FVCBankcorp (FVCB) executive logs 219-share tax withholding, holds 62,315
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. senior executive Michael G. Nassy reported a routine tax-withholding transaction related to equity compensation. He had 219 shares of common stock withheld at a market price of $17.50 per share to cover tax liabilities on a vesting restricted stock unit award. Following this non-open-market disposition, he directly holds 62,315 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nassy Michael G.
Role
Sr EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 219 | $17.50 | $4K |
Holdings After Transaction:
Common Stock — 62,315 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 219 shares
Reference share price: $17.50 per share
Shares held after transaction: 62,315 shares
3 metrics
Tax-withheld shares
219 shares
Shares withheld to cover tax liability on RSU vesting
Reference share price
$17.50 per share
Market price used to value withheld shares
Shares held after transaction
62,315 shares
Direct FVCBankcorp common stock ownership after withholding
Key Terms
restricted stock unit award, tax-withholding disposition, Rule 16b-3
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.
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.
Rule 16b-3 regulatory
"based on a market price of $17.50 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.
FAQ
What insider transaction did FVCB executive Michael G. Nassy report?
Michael G. Nassy reported a tax-withholding disposition of 219 FVCBankcorp common shares. The shares were withheld to pay taxes due on a vesting restricted stock unit award, rather than being sold on the open market.