STOCK TITAN

[Form 4] Middlefield Banc Corp. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Middlefield Banc Corp. (MBCN) – Form 4 filing dated 07/01/2025

Director Carolyn J. Turk reported an equity award made on 06/27/2025 under the company’s director compensation plan. The grant consists of 405 restricted stock units (RSUs), recorded in Table II as a “Conditional Stock Award.” Each unit represents the right to receive one share of MBCN common stock upon vesting. The award vests on the earlier of (i) the one-year anniversary of the grant date or (ii) the date of the next annual shareholder meeting. Until vested, the RSUs carry no voting or dividend rights. Following this transaction, Turk’s reported ownership remains 32,155 shares of common stock (direct) plus the newly granted 405 RSUs.

No common shares were bought or sold; the filing reflects routine, non-cash director compensation designed to align board and shareholder interests. The grant does not materially change the company’s share count and involves a single insider, so market impact should be limited.

Middlefield Banc Corp. (MBCN) – Comunicazione Form 4 del 01/07/2025

La direttrice Carolyn J. Turk ha segnalato un premio azionario assegnato il 27/06/2025 nell’ambito del piano di compensazione per i membri del consiglio della società. Il premio consiste in 405 unità azionarie vincolate (RSU), indicate nella Tabella II come “Premio Azionario Condizionato”. Ogni unità rappresenta il diritto a ricevere una azione ordinaria MBCN al momento del consolidamento. Il premio si consolida al verificarsi del primo evento tra (i) il primo anniversario della data di assegnazione o (ii) la data della prossima assemblea annuale degli azionisti. Fino al consolidamento, le RSU non conferiscono diritti di voto né dividendi. Dopo questa operazione, la proprietà segnalata da Turk rimane di 32.155 azioni ordinarie (dirette) più le 405 RSU appena assegnate.

Non sono state acquistate né vendute azioni ordinarie; la comunicazione riguarda una normale compensazione non monetaria per i membri del consiglio, finalizzata ad allineare gli interessi del consiglio e degli azionisti. L’assegnazione non modifica in modo significativo il numero totale di azioni della società e coinvolge un solo insider, quindi l’impatto sul mercato dovrebbe essere limitato.

Middlefield Banc Corp. (MBCN) – Presentación Formulario 4 fechada 01/07/2025

La directora Carolyn J. Turk reportó una adjudicación de acciones realizada el 27/06/2025 bajo el plan de compensación para directores de la compañía. La concesión consiste en 405 unidades restringidas de acciones (RSUs), registradas en la Tabla II como un “Premio de Acciones Condicional”. Cada unidad representa el derecho a recibir una acción común de MBCN al momento de la consolidación. El premio se consolida al ocurrir el primero de los siguientes eventos: (i) el aniversario de un año desde la fecha de concesión o (ii) la fecha de la próxima junta anual de accionistas. Hasta que se consoliden, las RSUs no otorgan derechos de voto ni dividendos. Tras esta transacción, la propiedad reportada de Turk permanece en 32,155 acciones comunes (directas) más las 405 RSUs recién otorgadas.

No se compraron ni vendieron acciones comunes; la presentación refleja una compensación rutinaria no monetaria para directores diseñada para alinear los intereses del consejo y los accionistas. La concesión no cambia materialmente el número de acciones de la compañía e involucra a un solo insider, por lo que el impacto en el mercado debería ser limitado.

Middlefield Banc Corp. (MBCN) – 2025년 7월 1일자 Form 4 제출

이사 Carolyn J. Turk는 2025년 6월 27일에 회사 이사 보상 계획에 따라 지급된 주식 보상을 보고했습니다. 이 보상은 405개의 제한부 주식 단위(RSU)로 구성되며, 표 II에 “조건부 주식 보상”으로 기록되어 있습니다. 각 단위는 베스팅 시점에 MBCN 보통주 1주를 받을 권리를 나타냅니다. 보상은 (i) 지급일로부터 1년이 되는 기념일 또는 (ii) 다음 연례 주주총회 일자 중 빠른 시점에 베스팅됩니다. 베스팅 전까지 RSU는 의결권이나 배당권이 없습니다. 이 거래 이후 Turk의 보고된 소유 주식은 32,155주 보통주(직접 소유)에 새로 부여된 405 RSU가 추가됩니다.

보통주 매매는 없었으며, 이 제출은 이사회와 주주 간 이해관계 일치를 위해 설계된 일상적인 비현금 이사 보상을 반영합니다. 이번 보상은 회사의 주식 수에 실질적인 변화를 주지 않으며 단일 내부자만 관련되어 시장 영향은 제한적일 것으로 예상됩니다.

Middlefield Banc Corp. (MBCN) – Déclaration Formulaire 4 datée du 01/07/2025

La directrice Carolyn J. Turk a déclaré une attribution d’actions réalisée le 27/06/2025 dans le cadre du plan de rémunération des administrateurs de la société. Cette attribution comprend 405 unités d’actions restreintes (RSU), enregistrées dans le Tableau II comme une « Attribution d’Actions Conditionnelle ». Chaque unité donne le droit de recevoir une action ordinaire MBCN lors de l’acquisition. L’attribution sera acquise au plus tôt entre (i) le premier anniversaire de la date d’attribution ou (ii) la date de la prochaine assemblée annuelle des actionnaires. Jusqu’à l’acquisition, les RSU ne confèrent aucun droit de vote ni dividende. Après cette transaction, la détention déclarée de Mme Turk reste de 32 155 actions ordinaires (directes) plus les 405 RSU nouvellement attribuées.

Aucune action ordinaire n’a été achetée ou vendue ; la déclaration reflète une rémunération non monétaire courante des administrateurs visant à aligner les intérêts du conseil d’administration et des actionnaires. Cette attribution ne modifie pas de manière significative le nombre d’actions de la société et concerne un seul initié, de sorte que l’impact sur le marché devrait être limité.

Middlefield Banc Corp. (MBCN) – Form 4 Einreichung vom 01.07.2025

Direktorin Carolyn J. Turk meldete eine Aktienzuteilung vom 27.06.2025 im Rahmen des Vergütungsplans für Direktoren der Gesellschaft. Die Zuteilung besteht aus 405 Restricted Stock Units (RSUs), die in Tabelle II als „Bedingte Aktienzuteilung“ aufgeführt sind. Jede Einheit berechtigt zum Erhalt einer Aktie der MBCN-Stammaktien bei Vesting. Die Zuteilung wird fällig am früheren Zeitpunkt von (i) dem einjährigen Jubiläum des Zuteilungsdatums oder (ii) dem Termin der nächsten jährlichen Hauptversammlung. Bis zum Vesting haben die RSUs keine Stimm- oder Dividendenrechte. Nach dieser Transaktion verbleibt der gemeldete Besitz von Turk bei 32.155 Stammaktien (direkt) zuzüglich der neu gewährten 405 RSUs.

Es wurden keine Stammaktien gekauft oder verkauft; die Meldung spiegelt eine routinemäßige, nicht monetäre Direktorenvergütung wider, die darauf abzielt, die Interessen von Vorstand und Aktionären in Einklang zu bringen. Die Zuteilung ändert die Gesamtzahl der Aktien des Unternehmens nicht wesentlich und betrifft nur einen Insider, sodass die Marktauswirkungen voraussichtlich gering sind.

Positive
  • None.
Negative
  • None.

Insights

TL;DR – Routine RSU grant to director; neutral market impact.

The Form 4 shows a standard board compensation award—405 RSUs—to Director Carolyn J. Turk. There is no open-market purchase or sale, and total ownership (32,155 shares plus RSUs) is unchanged except for the addition of the unvested units. Such grants are customary and signal continued alignment but do not alter control dynamics or share float. As no cash consideration or large share movement is involved, I classify the disclosure as neutral for valuation and liquidity.

Middlefield Banc Corp. (MBCN) – Comunicazione Form 4 del 01/07/2025

La direttrice Carolyn J. Turk ha segnalato un premio azionario assegnato il 27/06/2025 nell’ambito del piano di compensazione per i membri del consiglio della società. Il premio consiste in 405 unità azionarie vincolate (RSU), indicate nella Tabella II come “Premio Azionario Condizionato”. Ogni unità rappresenta il diritto a ricevere una azione ordinaria MBCN al momento del consolidamento. Il premio si consolida al verificarsi del primo evento tra (i) il primo anniversario della data di assegnazione o (ii) la data della prossima assemblea annuale degli azionisti. Fino al consolidamento, le RSU non conferiscono diritti di voto né dividendi. Dopo questa operazione, la proprietà segnalata da Turk rimane di 32.155 azioni ordinarie (dirette) più le 405 RSU appena assegnate.

Non sono state acquistate né vendute azioni ordinarie; la comunicazione riguarda una normale compensazione non monetaria per i membri del consiglio, finalizzata ad allineare gli interessi del consiglio e degli azionisti. L’assegnazione non modifica in modo significativo il numero totale di azioni della società e coinvolge un solo insider, quindi l’impatto sul mercato dovrebbe essere limitato.

Middlefield Banc Corp. (MBCN) – Presentación Formulario 4 fechada 01/07/2025

La directora Carolyn J. Turk reportó una adjudicación de acciones realizada el 27/06/2025 bajo el plan de compensación para directores de la compañía. La concesión consiste en 405 unidades restringidas de acciones (RSUs), registradas en la Tabla II como un “Premio de Acciones Condicional”. Cada unidad representa el derecho a recibir una acción común de MBCN al momento de la consolidación. El premio se consolida al ocurrir el primero de los siguientes eventos: (i) el aniversario de un año desde la fecha de concesión o (ii) la fecha de la próxima junta anual de accionistas. Hasta que se consoliden, las RSUs no otorgan derechos de voto ni dividendos. Tras esta transacción, la propiedad reportada de Turk permanece en 32,155 acciones comunes (directas) más las 405 RSUs recién otorgadas.

No se compraron ni vendieron acciones comunes; la presentación refleja una compensación rutinaria no monetaria para directores diseñada para alinear los intereses del consejo y los accionistas. La concesión no cambia materialmente el número de acciones de la compañía e involucra a un solo insider, por lo que el impacto en el mercado debería ser limitado.

Middlefield Banc Corp. (MBCN) – 2025년 7월 1일자 Form 4 제출

이사 Carolyn J. Turk는 2025년 6월 27일에 회사 이사 보상 계획에 따라 지급된 주식 보상을 보고했습니다. 이 보상은 405개의 제한부 주식 단위(RSU)로 구성되며, 표 II에 “조건부 주식 보상”으로 기록되어 있습니다. 각 단위는 베스팅 시점에 MBCN 보통주 1주를 받을 권리를 나타냅니다. 보상은 (i) 지급일로부터 1년이 되는 기념일 또는 (ii) 다음 연례 주주총회 일자 중 빠른 시점에 베스팅됩니다. 베스팅 전까지 RSU는 의결권이나 배당권이 없습니다. 이 거래 이후 Turk의 보고된 소유 주식은 32,155주 보통주(직접 소유)에 새로 부여된 405 RSU가 추가됩니다.

보통주 매매는 없었으며, 이 제출은 이사회와 주주 간 이해관계 일치를 위해 설계된 일상적인 비현금 이사 보상을 반영합니다. 이번 보상은 회사의 주식 수에 실질적인 변화를 주지 않으며 단일 내부자만 관련되어 시장 영향은 제한적일 것으로 예상됩니다.

Middlefield Banc Corp. (MBCN) – Déclaration Formulaire 4 datée du 01/07/2025

La directrice Carolyn J. Turk a déclaré une attribution d’actions réalisée le 27/06/2025 dans le cadre du plan de rémunération des administrateurs de la société. Cette attribution comprend 405 unités d’actions restreintes (RSU), enregistrées dans le Tableau II comme une « Attribution d’Actions Conditionnelle ». Chaque unité donne le droit de recevoir une action ordinaire MBCN lors de l’acquisition. L’attribution sera acquise au plus tôt entre (i) le premier anniversaire de la date d’attribution ou (ii) la date de la prochaine assemblée annuelle des actionnaires. Jusqu’à l’acquisition, les RSU ne confèrent aucun droit de vote ni dividende. Après cette transaction, la détention déclarée de Mme Turk reste de 32 155 actions ordinaires (directes) plus les 405 RSU nouvellement attribuées.

Aucune action ordinaire n’a été achetée ou vendue ; la déclaration reflète une rémunération non monétaire courante des administrateurs visant à aligner les intérêts du conseil d’administration et des actionnaires. Cette attribution ne modifie pas de manière significative le nombre d’actions de la société et concerne un seul initié, de sorte que l’impact sur le marché devrait être limité.

Middlefield Banc Corp. (MBCN) – Form 4 Einreichung vom 01.07.2025

Direktorin Carolyn J. Turk meldete eine Aktienzuteilung vom 27.06.2025 im Rahmen des Vergütungsplans für Direktoren der Gesellschaft. Die Zuteilung besteht aus 405 Restricted Stock Units (RSUs), die in Tabelle II als „Bedingte Aktienzuteilung“ aufgeführt sind. Jede Einheit berechtigt zum Erhalt einer Aktie der MBCN-Stammaktien bei Vesting. Die Zuteilung wird fällig am früheren Zeitpunkt von (i) dem einjährigen Jubiläum des Zuteilungsdatums oder (ii) dem Termin der nächsten jährlichen Hauptversammlung. Bis zum Vesting haben die RSUs keine Stimm- oder Dividendenrechte. Nach dieser Transaktion verbleibt der gemeldete Besitz von Turk bei 32.155 Stammaktien (direkt) zuzüglich der neu gewährten 405 RSUs.

Es wurden keine Stammaktien gekauft oder verkauft; die Meldung spiegelt eine routinemäßige, nicht monetäre Direktorenvergütung wider, die darauf abzielt, die Interessen von Vorstand und Aktionären in Einklang zu bringen. Die Zuteilung ändert die Gesamtzahl der Aktien des Unternehmens nicht wesentlich und betrifft nur einen Insider, sodass die Marktauswirkungen voraussichtlich gering sind.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TURK CAROLYN J

(Last) (First) (Middle)
15985 EAST HIGH STREET

(Street)
MIDDLEFIELD OH 44062

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MIDDLEFIELD BANC CORP [ MBCN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 32,155 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Conditional Stock Award(1) (2) 06/27/2025 A 405 (1) 06/27/2026 Common Stock 405 (2) 405 D
Explanation of Responses:
1. Granted under the Director Compensation program for members of the Board of Directors of The Middlefield Banking Company. The award represents a grant of restricted stock units which vest upon the earlier of the one-year anniversary of the grant date or the date of the annual meeting of shareholders which occurs in the year following the year of the grant date. If the recipient ceases to be a member of the board of the directors of The Middlefield Banking Company for any reason other than death or disability prior to the vesting date, any unvested RSUs shall be forfeited. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.
2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
/s/ Carolyn J. Turk by Julie E. Shaw Power of Attorney 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did MBCN report on 06/27/2025?

Carolyn J. Turk received 405 restricted stock units as part of director compensation; no shares were bought or sold.

How many MBCN shares does Director Turk hold after the filing?

She beneficially owns 32,155 common shares directly, plus 405 unvested RSUs.

When will the newly granted RSUs vest?

They vest on the earlier of the one-year anniversary (06/27/2026) or the next annual shareholder meeting.

Do the RSUs carry voting or dividend rights before vesting?

No. The filing states the award confers no voting or dividend rights until vesting.

Why is a Form 4 important to investors?

Form 4 provides real-time disclosure of insider trades or awards, helping investors monitor insider alignment and potential signals.
Middlefield Banc Corp

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MIDDLEFIELD