FVCBankcorp exec reports 656-share tax withholding
FVCBankcorp, Inc. senior executive Michael G. Nassy reported a tax-related share disposition tied to restricted stock vesting.
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Rhea-AI Filing Summary
FVCBankcorp, Inc. senior executive Michael G. Nassy reported a tax-related share disposition tied to restricted stock vesting. He had 656 shares of common stock withheld at $17.24 per share to cover a tax liability when a restricted stock unit award vested. This was not an open-market sale. Following this withholding, he directly holds 62,534 shares of FVCBankcorp common stock, showing that his overall equity stake in the company remains substantial.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 656 | $17.24 | $11K |
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 $17.24 and issued in accordance with Rule 16b-3
Key Figures
Key Terms
restricted stock unit award financial
tax liability financial
Rule 16b-3 regulatory
tax-withholding disposition financial
FAQ
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What insider transaction did FVCBankcorp (FVCB) report for Michael G. Nassy?
What does the footnote about Rule 16b-3 mean for this FVCB Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.