Director at MainStreet Bancshares (MNSB) takes board fees as restricted stock grant
Rhea-AI Filing Summary
Higgins Joan Morgan reported acquisition or exercise transactions in this Form 4 filing.
MainStreet Bancshares, Inc. director Joan Morgan Higgins received an equity grant of 973 shares of common stock on July 1, 2026. The award was valued at $24.69 per share and was granted in lieu of cash director fees under the company’s existing equity incentive plan.
Following this grant, Higgins directly holds 1,575 shares of MainStreet Bancshares common stock. This is a compensation-related grant, not an open‑market purchase, and reflects the director’s election to take board fees in restricted stock rather than cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 973 shares
Net Buy
1 txn
Insider
Higgins Joan Morgan
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 973 | $24.69 | $24K |
Holdings After Transaction:
Common Stock — 1,575 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 973 shares
Grant valuation price: $24.69 per share
Shares held after grant: 1,575 shares
+1 more
4 metrics
Restricted stock grant
973 shares
Award of common stock on July 1, 2026
Grant valuation price
$24.69 per share
Fair value on grant date used for director fees
Shares held after grant
1,575 shares
Total direct holdings following transaction
Net direction of activity
1 acquisition transaction
Form 4 transaction summary shows only acquisitions
Key Terms
restricted stock awards, equity incentive plan, fair value, director fees
4 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.
fair value financial
"This amount reflects the fair value of restricted stock awards received in lieu of cash"
Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.
director fees financial
"directors may elect to receive an equivalent value of equity in restricted stock awards in lieu of cash fees"
AI-generated analysis. How Rhea-AI works. Not financial advice.
