Meridian EVP exercises 4,000 options at $9.50
Meridian Corp EVP Martindell Clarence Addis exercised employee stock options and increased his common stock holdings.
Rhea-AI Filing Summary
Meridian Corp EVP Martindell Clarence Addis exercised employee stock options and increased his common stock holdings. On March 13, 2026, he exercised options for 4,000 shares of common stock at $9.50 per share, leaving him with 20,970 common shares held directly after the transaction.
Earlier, on November 17, 2025, he received a grant of 12,000 employee stock options with an exercise price of $14.43 and an expiration date of November 17, 2035. The options vest 25% on the grant date and then in three equal annual installments beginning on the one-year anniversary of each grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,000 shares exercised/converted
Exercise
3 txns
Insider
Martindell Clarence Addis
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | EMPLOYEE STOCK OPTION | 4,000 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 4,000 | $9.50 | $38K |
| Grant/Award | EMPLOYEE STOCK OPTION | 12,000 | $0.00 | $0.00 |
Holdings After Transaction:
EMPLOYEE STOCK OPTION — 12,000 contracts (Direct);
COMMON STOCK — 20,970 shares (Direct)
Footnotes (3)
- F1. The filing of this Form 4 was delayed due to a delay in applying for and receiving the CIK for the reporting entity.
- F2. 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.
- F3. Adjusted for 2/28/2023 two-for-one stock split
Key Figures
Options exercised: 4,000 shares
Exercise price: $9.50 per share
Shares held after exercise: 20,970 shares
+3 more
6 metrics
Options exercised
4,000 shares
Employee stock options exercised into common stock on March 13, 2026
Exercise price
$9.50 per share
Price for 4,000 options exercised into Meridian common stock
Shares held after exercise
20,970 shares
Direct Meridian common stock holdings after March 13, 2026 transactions
Options granted
12,000 options
Employee stock option grant on November 17, 2025
Grant exercise price
$14.43 per share
Exercise price for 12,000 employee stock options granted in 2025
Option expiration
November 17, 2035
Expiration date of the 12,000-option grant to Addis
Key Terms
Employee stock option, Exercise or conversion of derivative security, Grant, award, or other acquisition, Two-for-one stock split, +1 more
5 terms
Employee stock option financial
"EMPLOYEE STOCK OPTION"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
Vesting financial
"The options vest 25% at the date of each grant and then in three equal annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Meridian Corp (MRBK) report for Martindell Clarence Addis?
Meridian Corp reported that EVP Martindell Clarence Addis exercised options for 4,000 common shares at $9.50 and received a prior grant of 12,000 employee stock options at $14.43. These transactions reflect routine compensation-related activity, not open-market buying or selling.
What are the key terms of the 12,000 Meridian Corp (MRBK) stock options granted to Addis?
Addis received 12,000 employee stock options on November 17, 2025, with a $14.43 exercise price and a November 17, 2035 expiration date. The grant vests 25% on the grant date and then in three equal annual installments starting one year after each grant date.
Were the Meridian Corp (MRBK) Form 4 transactions open-market purchases or sales?
The reported transactions are not open-market trades. They reflect an option exercise converting 4,000 employee stock options into common shares and a prior option grant of 12,000 options as compensation, both classified as acquisitions rather than market purchases or sales.
Why was the Meridian Corp (MRBK) Form 4 filing by Martindell Clarence Addis delayed?
The Form 4 filing was delayed because of a hold-up in applying for and receiving the CIK for the reporting entity. A footnote explicitly states that this administrative delay caused the late submission, rather than any change in the underlying transaction details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
