FVCBankcorp executive exercises 11,718 stock options
FVCBankcorp, Inc. senior executive Michael G. Nassy reported equity award activity involving stock options and common shares.
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Rhea-AI Filing Summary
FVCBankcorp, Inc. senior executive Michael G. Nassy reported equity award activity involving stock options and common shares. He exercised 11,718 stock options at $9.216 per share, receiving the same number of common shares. In a separate transaction tied to this vesting, 7,848 common shares were withheld at a market price of $15.76 to cover a tax liability, as permitted under Rule 16b-3. After these transactions, Nassy directly owned 58,121 common shares of FVCBankcorp.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 11,718 | $9.216 | $108K |
| Exercise | Common Stock | 11,718 | $9.216 | $108K |
| Exercise Price or Tax Liability | Common Stock | 7,848 | $15.76 | $124K |
Footnotes (1)
- F1. The Reporting Person elected to pay for a tax liability by withholding securities incident to the vesting of a security (i.e., restricted stock unit award) based on a market price of $15.76 and issued in accordance with Rule 16b-3
FAQ
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