FVCBankcorp (NASDAQ: FVCB) grants 9,000 RSUs to Chief Credit Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nassy Michael G. reported acquisition or exercise transactions in this Form 4 filing.
FVCBankcorp, Inc. senior executive Michael G. Nassy, Sr EVP and Chief Credit Officer, reported an equity compensation grant tied to the company’s common stock. He received 9,000 shares issuable through restricted stock unit awards, granted at no cash cost per share.
The 9,000 restricted stock units will vest in equal annual installments over four years, with the first installment vesting on the anniversary of the grant date. After this award, Nassy directly holds 63,365 shares of FVCBankcorp common stock, highlighting equity-based incentives aligned with the company’s long-term performance.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 63,365 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 9,000 shares
Grant price: $0.0000 per share
Post-grant holdings: 63,365 shares
+2 more
5 metrics
RSU grant size
9,000 shares
Restricted stock unit awards to Michael G. Nassy
Grant price
$0.0000 per share
Reported transaction price per share for RSU grant
Post-grant holdings
63,365 shares
Total FVCBankcorp common shares held directly after transaction
Vesting schedule
4 years, equal annual installments
RSUs vest annually, first vesting on grant anniversary
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock unit awards, vest, equal annual installments, grant, award, or other acquisition
4 terms
restricted stock unit awards financial
"9,000 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 financial
"The awards will vest in equal annual installments over four years"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
equal annual installments financial
"The awards will vest in equal annual installments over four years"
grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did FVCBankcorp (FVCB) report for Michael G. Nassy?
FVCBankcorp reported that Sr EVP and Chief Credit Officer Michael G. Nassy received 9,000 shares through restricted stock unit awards. These equity awards are part of his compensation and do not involve a cash purchase on the open market.
How will the 9,000 FVCBankcorp restricted stock units granted to Nassy vest?
The 9,000 restricted stock units awarded to Michael G. Nassy will vest in equal annual installments over four years. The first installment vests on the anniversary of the grant date, spreading the compensation over a multi-year period.
What role does Michael G. Nassy hold at FVCBankcorp (FVCB)?
Michael G. Nassy serves as Senior Executive Vice President and Chief Credit Officer at FVCBankcorp. His Form 4 filing reflects equity-based compensation, aligning his interests with the bank’s long-term credit quality and overall performance.