MainStreet Bancshares (MNSB) director takes 534-share equity grant in lieu of cash
Rhea-AI Filing Summary
MainStreet Bancshares director Patsy I. Rust received an equity grant rather than cash fees. On April 3, 2026, Rust acquired 534 shares of MainStreet Bancshares common stock at a fair value of $22.48 per share as a restricted stock award under the company’s equity incentive plan.
After this grant, Rust directly holds 26,130 common shares and also has indirect ownership of 500 common shares held by her husband, plus 2,000 depositary shares. A footnote explains directors may elect to receive board compensation in restricted stock instead of cash, and this grant reflects that election.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
RUST PATSY I
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 534 | $22.48 | $12K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,130 shares (Direct);
Common Stock — 500 shares (Indirect, By husband);
Depositary Shares — 2,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 534 shares
Grant fair value price: $22.48 per share
Direct common holdings: 26,130 shares
+2 more
5 metrics
Restricted stock grant
534 shares
Common Stock awarded on April 3, 2026
Grant fair value price
$22.48 per share
Stock price used to determine award value
Direct common holdings
26,130 shares
Common Stock directly owned after the grant
Indirect common holdings
500 shares
Common Stock held indirectly by husband
Depositary shares held
2,000 shares
Depositary Shares directly owned after the transaction
Key Terms
restricted stock awards, equity incentive plan, Depositary Shares, indirect ownership, +1 more
5 terms
restricted stock awards financial
"directors may elect to receive an equivalent value of equity in restricted stock awards under the existing equity incentive plan"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
equity incentive plan financial
"restricted stock awards under the existing equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By husband""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
