MainStreet Bancshares (MNSB) director takes 753 restricted shares instead of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DeLeon Rafael E reported acquisition or exercise transactions in this Form 4 filing.
MainStreet Bancshares director Rafael E. DeLeon received a grant of 753 shares of Common Stock as equity compensation. The award was valued using a stock price of $24.69 per share on the grant date and was taken in lieu of cash director fees under the company’s existing equity incentive plan. After this restricted stock award, DeLeon directly holds 15,301 shares of MainStreet Bancshares Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeLeon Rafael E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 753 | $24.69 | $19K |
Holdings After Transaction:
Common Stock — 15,301 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 753 shares
Grant valuation price: $24.69 per share
Shares held after grant: 15,301 shares
3 metrics
Restricted stock grant
753 shares
Equity award in lieu of cash fees
Grant valuation price
$24.69 per share
Fair value based on stock price on grant date
Shares held after grant
15,301 shares
Direct ownership following the reported transaction
Key Terms
restricted stock awards, equity incentive plan, fair value
3 terms
restricted stock awards financial
"In lieu of cash fees, 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
"directors may elect to receive an equivalent value of equity in 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 based upon the stock price on the date of grant."
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.
