Meridian director exercises options for 600 shares
Meridian Corp director Edward J. Hollin exercised stock options to acquire 600 shares of common stock on 2026-04-29.
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Form Type
4
Rhea-AI Filing Summary
Meridian Corp director Edward J. Hollin exercised stock options to acquire 600 shares of common stock on 2026-04-29. These transactions increase his direct equity exposure through option exercises rather than open-market purchases.
The options were exercised in three lots of 200 shares each at exercise prices of $13.00, $12.22 and $13.88 per share, reflecting previously granted awards that vest over time. No shares were sold in these transactions.
Insider Trade Summary
600 shares exercised/converted
Exercise
6 txns
Insider
Hollin Edward J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 200 | $0.00 | $0.00 |
| Exercise | Stock Options | 200 | $0.00 | $0.00 |
| Exercise | Stock Options | 200 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 200 | $13.88 | $3K |
| Exercise | COMMON STOCK | 200 | $12.22 | $2K |
| Exercise | COMMON STOCK | 200 | $13.00 | $3K |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
COMMON STOCK — 51,626 shares (Direct)
Footnotes (3)
- F1. Adjusted for 2/28/2023 two-for-one stock split
- 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. 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.
Key Figures
Shares acquired via exercises: 600 shares
First option exercise price: $13.00/share
Second option exercise price: $12.22/share
+2 more
5 metrics
Shares acquired via exercises
600 shares
Total common shares from option exercises on 2026-04-29
First option exercise price
$13.00/share
Exercise of 200 stock options into common stock
Second option exercise price
$12.22/share
Exercise of 200 stock options into common stock
Third option exercise price
$13.88/share
Exercise of 200 stock options into common stock
Option exercise date
2026-04-29
All six Form 4 transactions reported on this date
Key Terms
Stock Options, two-for-one stock split, vest, exercise or conversion of derivative security
4 terms
Stock Options financial
"security_title: "Stock Options" with underlying COMMON STOCK"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
two-for-one stock split financial
"Footnote states: "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
"Footnotes describe options that "vest 25% at the date of each grant""
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.
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Meridian Corp (MRBK) director Edward J. Hollin report?
Edward J. Hollin exercised stock options to acquire 600 shares of Meridian Corp common stock. The Form 4 shows three separate option exercises, each for 200 shares, converting previously granted options into directly held common shares without any accompanying stock sales.
At what prices were Edward J. Hollin’s Meridian Corp (MRBK) stock options exercised?
Hollin exercised options with exercise prices of $13.00, $12.22 and $13.88 per share. Each exercise covered 200 underlying common shares, converting these options into Meridian Corp common stock as part of his previously granted, time-vesting equity awards.
What do the vesting footnotes mean in Edward J. Hollin’s Meridian Corp (MRBK) Form 4?
The footnotes explain that the options vest 25% on the grant date, then in three equal annual installments beginning one year after each grant. This schedule means the options became exercisable over time, enabling Hollin’s 2026-04-29 exercises of 600 underlying common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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