[Form 4] Middlefield Banc Corp. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
RANTTILA MICHAEL
Role
EVP/CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,506 | $27.11 | $41K |
| Tax Withholding | Common Stock | 438 | $27.11 | $12K |
| holding | Conditional Stock Award | -- | -- | -- |
| holding | Conditional Stock Award | -- | -- | -- |
| holding | Conditional Stock Award | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,609.1 shares (Direct);
Conditional Stock Award — 3,014 shares (Direct);
Common Stock — 50 shares (Indirect, as Custodian for Grandson)
Footnotes (1)
- The acquisition represents the vesting of restricted stock granted to the reporting person on August 6, 2024. The shares vested on the first anniversary of the grant date. Includes shares acquired under MBCN Dividend Reinvestment Plan The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8K filing dated March 17, 2023. The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. The details of the vesting conditions may be found in a Form 8-K filing dated January 17, 2025. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
