Meridian CEO exercises 42,000 stock options
Meridian Corp Chairman & CEO Christopher J. Annas reported an option-related share exercise and tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Meridian Corp Chairman & CEO Christopher J. Annas reported an option-related share exercise and tax withholding. On June 8, 2026, he exercised 42,000 employee stock options at $7.62 per share, converting them into common stock. To satisfy the exercise price, 16,642 common shares were withheld by the company at a value of $19.23 per share, rather than sold on the open market. After these transactions, he directly holds 393,865 shares of Meridian Corp common stock.
Insider Trade Summary
42,000 shares exercised/converted
Exercise
3 txns
Insider
Annas Christopher J.
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | EMPLOYEE STOCK OPTION | 42,000 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 42,000 | $7.62 | $320K |
| Exercise Price or Tax Liability | COMMON STOCK | 16,642 | $19.23 | $320K |
Holdings After Transaction:
EMPLOYEE STOCK OPTION — 0 contracts (Direct);
COMMON STOCK — 393,865 shares (Direct)
Footnotes (2)
- F1. Represents the gross exercise of 42,000 employee stock options
- F2. Represents 16,642 shares of common stock withheld by the issuer to satisfy the exercise price in connection with the option exercise reported herein
Key Figures
Options exercised: 42,000 shares
Exercise price: $7.62 per share
Shares withheld: 16,642 shares
+3 more
6 metrics
Options exercised
42,000 shares
Employee stock options exercised on June 8, 2026
Exercise price
$7.62 per share
Exercise price of 42,000 employee stock options
Shares withheld
16,642 shares
Common stock withheld to satisfy exercise price
Withholding share value
$19.23 per share
Value used for 16,642 withheld shares of common stock
Post-transaction holdings
410,507 shares
Common stock directly held after transactions
Option expiration date
June 15, 2026
Expiration of exercised employee stock options
Key Terms
employee stock options, tax-withholding disposition, derivative exercise/conversion, derivative security
4 terms
employee stock options financial
"Represents the gross exercise of 42,000 employee stock options"
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Meridian Corp (MRBK) report for Christopher J. Annas?
Meridian Corp reported that Chairman & CEO Christopher J. Annas exercised 42,000 employee stock options and had 16,642 common shares withheld to cover the exercise price. Following these transactions, he directly holds 410,507 shares of Meridian Corp common stock.
How many Meridian Corp (MRBK) options did the CEO exercise and at what price?
Christopher J. Annas exercised 42,000 employee stock options at an exercise price of $7.62 per share. These options, originally granted earlier, were converted into Meridian Corp common stock as reflected in the Form 4 filing dated June 8, 2026.
What are Christopher J. Annas’s Meridian Corp (MRBK) holdings after the Form 4 transactions?
After the reported option exercise and share withholding, Christopher J. Annas directly holds 410,507 shares of Meridian Corp common stock. This total reflects the net position following the gross exercise of 42,000 options and the withholding of 16,642 shares.
What does the tax-withholding disposition mean in the Meridian Corp (MRBK) Form 4?
The tax-withholding disposition reflects 16,642 Meridian Corp common shares withheld by the issuer to satisfy the exercise price tied to the 42,000 option exercise. This is a non-market mechanism and does not represent an open-market sale of shares by the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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