MVB Financial Corp (MVBF) officer details RSU vesting and common stock transactions
Rhea-AI Filing Summary
MVB Financial Corp officer Joseph Ryan Rodriguez reported the vesting of restricted stock units and related common stock transactions. On January 2, 2026, 4,982 time-based restricted stock units were exercised at $0 and converted into 5,112 shares of common stock, including 130 dividend equivalent shares accrued since the grant date of January 2, 2025. On the same date, 1,716 shares of common stock were disposed of at $25.46 per share. After these transactions, Rodriguez directly held 8,646 shares of common stock and 9,965 remaining restricted stock units under a three-year graded vesting schedule pursuant to the 2022 Stock Incentive Plan.
Positive
- None.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU - Time-Vested Award | 4,982 | $0.00 | -- |
| Exercise | Common Stock | 5,112 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,716 | $25.46 | $44K |
Footnotes (1)
- 1/3 of the time-based restricted stock units, granted January 2, 2025, have vested and shares are being issued. Includes 130 dividend equivalent shares accrued since the time of grant. 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.
FAQ
What insider transactions did MVBF officer Joseph Ryan Rodriguez report?
Joseph Ryan Rodriguez, Chief Risk and Legal Officer of MVB Financial Corp (MVBF), reported the vesting of 4,982 restricted stock units into 5,112 shares of common stock and a disposition of 1,716 common shares on January 2, 2026.
At what prices were the MVBF equity transactions recorded on this Form 4?
The restricted stock units were exercised at an effective price of $0 per unit, while the 1,716 common shares disposed of on January 2, 2026 were reported at $25.46 per share.
What is the vesting schedule for Joseph Ryan Rodriguez’s MVBF restricted stock units?
The restricted stock units were granted under the 2022 Stock Incentive Plan and have a three-year graded vesting schedule, with one-third of the time-based award vesting on January 2, 2026, assuming continued employment with the company.
What role does Joseph Ryan Rodriguez hold at MVB Financial Corp?
Joseph Ryan Rodriguez is identified as an officer of MVB Financial Corp, serving as the company’s Chief Risk and Legal Officer.