Meridian EVP discloses initial MRBK holdings
Meridian Corp executive vice president Martindell Clarence Addis filed an initial ownership report showing direct holdings of 16,970 shares of common stock.
Rhea-AI Filing Summary
Meridian Corp executive vice president Martindell Clarence Addis filed an initial ownership report showing direct holdings of 16,970 shares of common stock. He also holds several employee stock option awards on Meridian common stock with exercise prices between $8.50 and $15.92 and expirations from 2027 to 2034.
Footnotes state that the options vest 25% at grant and then in three equal annual installments, and that grant amounts were adjusted for a two-for-one stock split on February 28, 2023. The filing notes the Form 3 submission was delayed due to the time needed to obtain a CIK for the reporting entity.
Positive
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Negative
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Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Martindell Clarence Addis
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | EMPLOYEE STOCK OPTION | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
EMPLOYEE STOCK OPTION — 69,000 contracts (Direct);
COMMON STOCK — 16,970 shares (Direct)
Footnotes (3)
- F1. The options vest 25% at the date of each grant and then in three equal annual installments beginning on the 1 year anniversary of each grant.
- F2. Adjusted for 2/28/2023 two-for-one stock split
- F3. The filing of this Form 3 was delayed due to a delay in applying for and receiving the CIK for the reporting entity.
Key Figures
Direct common stock holdings: 16,970 shares
Option exercise price: $13.88 per share
Option exercise price: $10.00 per share
+2 more
5 metrics
Direct common stock holdings
16,970 shares
Total common shares directly held as reported on Form 3
Option exercise price
$13.88 per share
Employee stock option on 12,000 underlying common shares expiring May 21, 2031
Option exercise price
$10.00 per share
Employee stock option on 6,000 underlying common shares expiring November 1, 2033
Option exercise price
$8.50 per share
Employee stock option on 5,000 underlying common shares expiring June 3, 2029
Option exercise price
$9.50 per share
Employee stock option on 4,000 underlying common shares expiring May 8, 2027
Key Terms
Form 3, employee stock option, two-for-one stock split, vest
4 terms
Form 3 regulatory
"The filing of this Form 3 was delayed due to a delay in applying for and receiving the CIK"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
employee stock option financial
"security_title: "EMPLOYEE STOCK OPTION" with underlying security title "COMMON STOCK""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
two-for-one stock split financial
"Adjusted for 2/28/2023 two-for-one stock split"
A two-for-one stock split doubles the number of a company's outstanding shares by giving shareholders two new shares for every one they own, while the total value of their holdings stays the same because the price per share is roughly halved. It matters to investors because it changes the share count and the per-share math used in valuations (like earnings per share) and can make individual shares more affordable and more liquid—like cutting each pizza slice in half so there are more, smaller slices but the same size pizza.
vest financial
"The options vest 25% at the date of each grant and then in three equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Martindell Clarence Addis Form 3 for Meridian Corp (MRBK) show?
The Form 3 shows EVP Martindell Clarence Addis directly owns 16,970 Meridian Corp common shares and multiple employee stock options. These options cover additional underlying common shares at preset exercise prices and future expiration dates, reflecting his long-term equity-based compensation from the company.
What employee stock options are reported for the Meridian Corp (MRBK) EVP?
The EVP reports several employee stock option grants on Meridian common stock, including options for 12,000 underlying shares at a $13.88 exercise price and 6,000 underlying shares at $10.00. These options have expiration dates between 2028 and 2034, indicating staggered long-term incentives.
How do Martindell Clarence Addis’s Meridian Corp (MRBK) options vest?
Footnotes state the options vest 25% on the grant date and then in three equal annual installments beginning one year after each grant. This schedule gradually delivers ownership over several years, aligning the EVP’s compensation with Meridian Corp’s longer-term performance and retention objectives.
Why was the Meridian Corp (MRBK) Form 3 for Martindell Clarence Addis delayed?
A footnote explains the Form 3 filing was delayed because of a lag in applying for and receiving the Central Index Key, or CIK, for the reporting entity. This administrative issue postponed submission rather than reflecting any change in the underlying ownership positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
