Director Cheryl Spielman gets 2,652 RSU award at MVB Financial (NASDAQ: MVBF)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MVB Financial Corp director Cheryl Spielman reported receiving a grant of restricted stock units. She was awarded 2,652 time-vested RSUs tied to MVB Financial Corp common stock, at a stated price of $0.00 per unit, under the company’s 2022 Stock Incentive Plan.
The RSUs will vest 100% on the first anniversary of the July 1, 2026 grant date, meaning all units convert at once into common shares if vesting conditions are met. Following this grant, Spielman’s reported derivative holdings from this award total 2,652 RSUs held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spielman Cheryl
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)
- [object Object]
Key Figures
RSUs granted: 2,652 units
Transaction price per RSU: $0.00
RSUs underlying common stock: 2,652 shares
+1 more
4 metrics
RSUs granted
2,652 units
Time-vested RSU award to director Cheryl Spielman
Transaction price per RSU
$0.00
Stated price for the RSU grant
RSUs underlying common stock
2,652 shares
Common stock underlying granted RSUs
Holdings after transaction
2,652 RSUs
Total derivative holdings from this award following the grant
Key Terms
RSU - Time Vested Award, restricted stock units, MVB Financial Corp. 2022 Stock Incentive Plan, Form 4
4 terms
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.
MVB Financial Corp. 2022 Stock Incentive Plan financial
"were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did MVB Financial Corp (MVBF) report for Cheryl Spielman?
MVB Financial Corp reported that director Cheryl Spielman received a grant of 2,652 time-vested restricted stock units. These RSUs are tied to the company’s common stock and represent a compensation award rather than an open-market purchase or sale.
How many restricted stock units did Cheryl Spielman receive from MVB Financial (MVBF)?
Cheryl Spielman received 2,652 time-vested restricted stock units. Each RSU represents a right to receive one share of MVB Financial Corp common stock upon vesting, providing equity-based compensation aligned with shareholder interests under the company’s stock incentive plan.
When do Cheryl Spielman’s 2,652 MVB Financial (MVBF) RSUs vest?
Cheryl Spielman’s 2,652 restricted stock units vest 100% on the first anniversary of the grant date. The Form 4 notes that these time-vested RSUs will fully vest one year after the award, subject to the plan’s standard conditions being satisfied.
Under which plan were Cheryl Spielman’s MVB Financial (MVBF) RSUs granted?
The 2,652 restricted stock units were granted under the MVB Financial Corp 2022 Stock Incentive Plan. This plan provides equity awards such as RSUs to directors and employees as part of long-term incentive compensation tied to company performance.
Does Cheryl Spielman’s Form 4 for MVB Financial (MVBF) show any stock sales or purchases?
The Form 4 shows only a compensation-related acquisition of 2,652 restricted stock units, coded as a grant or award. It does not report any open-market stock purchases or sales by Cheryl Spielman in this particular filing.