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MVB Financial (MVBF) director awarded 2,652 time-vested restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MVB Financial Corp director Richard James Cordella Jr received a grant of 2,652 time-vested restricted stock units. These RSUs, linked to 2,652 shares of common stock, were awarded at no exercise price under the company’s 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date. After this award, his reported derivative holdings in these RSUs total 2,652 units, reflecting a routine equity-based compensation grant rather than an open-market share purchase or sale.

Positive

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Negative

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Insider Cordella Richard James JR
Role null
Type Security Shares Price Value
Grant/Award RSU - Time Vested Award 2,652 $0.00 --
Holdings After Transaction: RSU - Time Vested Award — 2,652 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 2,652 units Time-vested restricted stock units awarded to director
Underlying shares 2,652 shares Common stock underlying the RSU award
Exercise price $0.00 per unit Conversion or exercise price for the RSUs
RSU holdings after grant 2,652 units Total time-vested RSUs reported following transaction
RSU - Time Vested Award financial
"security_title: "RSU - Time Vested Award""
restricted stock units financial
"The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Stock Incentive Plan financial
"granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan"
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did MVB Financial Corp (MVBF) disclose about Richard James Cordella Jr’s latest equity award?
MVB Financial Corp disclosed that director Richard James Cordella Jr received 2,652 time-vested restricted stock units. These RSUs are tied to 2,652 shares of common stock and represent equity-based compensation rather than an open-market stock transaction.

How many restricted stock units did the MVBF director receive in this Form 4 filing?
The director received 2,652 restricted stock units. Each RSU corresponds to one share of MVB Financial Corp common stock, giving him a derivative interest in 2,652 underlying shares as part of his compensation package.

When will Richard James Cordella Jr’s 2,652 MVBF RSUs vest?
The 2,652 time-vested RSUs will vest 100% on the first anniversary of the grant date. This means the director’s entire award becomes fully vested in a single tranche one year after the grant.

Under which plan were the new MVBF restricted stock units granted?
The time-vested restricted stock units were granted under the MVB Financial Corp 2022 Stock Incentive Plan. This plan provides equity-based awards to directors and other participants as part of the company’s long-term incentive structure.

Did the MVBF director buy or sell common shares in this reported transaction?
No common shares were bought or sold in the market. The filing reports an award of 2,652 restricted stock units as compensation, not an open-market purchase or sale of MVB Financial Corp common stock.

What are the director’s RSU holdings after this MVBF equity grant?
Following this grant, the director’s reported holdings in the time-vested RSU award total 2,652 units. These RSUs represent a right to receive an equivalent number of MVB Financial Corp common shares upon vesting and settlement.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cordella Richard James JR
(Last)(First)(Middle)
16 BLUE RIBBON DR.
(Street)
WESTPORT CONNECTICUT 06880
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MVB FINANCIAL CORP [ MVBF ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
RSU - Time Vested Award$007/01/202607/01/2026A2,65207/01/2027 (1)Common Stock2,652$02,652D
Explanation of Responses:
1. The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date.
Remarks:
Lisa J. McCormick by POA from Richard James Cordella, Jr.07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR