MVB Financial CFO receives 3,825 RSUs
Sumbs Michael Robert reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Sumbs Michael Robert reported acquisition or exercise transactions in this Form 4 filing.
MVB Financial Corp Chief Financial Officer Michael Robert Sumbs reported a grant of restricted stock units (RSUs) covering 3,825 shares of common stock. The award was granted under the 2022 Stock Incentive Plan at no purchase price.
The footnotes state these restricted units follow a three-year graded vesting schedule, assuming continued employment with the company, with RSUs awarded on May 1, 2026 vesting over a three-year period beginning on May 1, 2027. Following the reported award, Sumbs is shown as directly holding 3,825 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time-Vested Award | 3,825 | $0.00 | $0.00 |
| Grant/Award | RSU - Time-Vested Award | 3,825 | $0.00 | $0.00 |
Footnotes (2)
- F1. The restricted units were granted pursuant to the 2022 Stock Incentive Plan and have a three-year graded vesting schedule assuming continued employment with the Company.
- F2. RSUs awarded on May 1, 2026 that vest over a three-year period beginning on May 1, 2027.
Key Figures
Key Terms
RSU - Time-Vested Award financial
restricted units financial
2022 Stock Incentive Plan financial
three-year graded vesting schedule financial
restricted stock units (RSUs) financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MVB Financial (MVBF) report for its CFO?
How many RSUs did the MVB Financial (MVBF) CFO receive in this Form 4/A?
What is the vesting schedule for the MVB Financial (MVBF) CFO’s RSU award?
Under which plan were the MVB Financial (MVBF) CFO’s RSUs granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.