FVCBankcorp executive exercises 11,718 stock options
FVCBankcorp, Inc. senior executive Michael G. Nassy reported equity award activity involving stock options and common shares.
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.
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Insider Trade Summary
11,718 shares exercised/converted
Exercise
3 txns
Insider
Nassy Michael G.
Role
Sr EVP, Chief Credit Officer
| 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 |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 58,121 shares (Direct)
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FVCBankcorp (FVCB) executive Michael G. Nassy report?
Michael G. Nassy reported exercising 11,718 stock options, acquiring 11,718 FVCBankcorp common shares, and having 7,848 shares withheld to cover tax obligations related to the vesting, all on the same transaction date.
What was the exercise price for Michael G. Nassy’s FVCBankcorp (FVCB) stock options?
Michael G. Nassy exercised 11,718 stock options at an exercise price of $9.216 per share. These options converted into the same number of FVCBankcorp common shares on the reported transaction date.
What role does Michael G. Nassy hold at FVCBankcorp (FVCB)?
Michael G. Nassy serves as Senior Executive Vice President and Chief Credit Officer of FVCBankcorp. His Form 4 filing reflects stock option exercises and related tax-withholding share dispositions associated with his equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.