MVB Financial director granted 2,652 RSUs
MVB Financial Corp director Adam Francis Famularo received a new equity grant.
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Form Type
4
Rhea-AI Filing Summary
MVB Financial Corp director Adam Francis Famularo received a new equity grant. He was awarded 2,652 time-vested restricted stock units (RSUs) linked to MVB Financial Corp common stock. These RSUs were granted at no cash cost under the company’s 2022 Stock Incentive Plan.
The RSUs will vest 100% on the first anniversary of the grant date, meaning the award must be held for one year before it converts into shares of common stock. Following this grant, Famularo’s reported derivative holdings from this award total 2,652 RSUs.
Insider Trade Summary
Grant/Award: 2,652 shares
Grant/Award
1 txn
Insider
Famularo Adam Francis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time Vested Award | 2,652 | $0.00 | $0.00 |
Holdings After Transaction:
RSU - Time Vested Award — 2,652 contracts (Direct)
Footnotes (1)
- F1. 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.
Key Figures
RSUs granted: 2,652 units
Underlying common stock: 2,652 shares
Holdings after transaction: 2,652 RSUs
3 metrics
RSUs granted
2,652 units
Time-vested award to director on grant date
Underlying common stock
2,652 shares
Common stock underlying granted RSUs
Holdings after transaction
2,652 RSUs
Total derivative holdings from this award following grant
Key Terms
restricted stock units, time-vested, 2022 Stock Incentive Plan, Form 4
4 terms
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.
time-vested financial
"The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan"
Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.
2022 Stock Incentive Plan financial
"were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MVB Financial Corp (MVBF) director Adam Famularo report on this Form 4?
Adam Francis Famularo reported receiving 2,652 restricted stock units as an equity award. These time-vested RSUs are tied to MVB Financial Corp common stock and represent compensation, not an open-market stock purchase or sale.
How many MVB Financial Corp (MVBF) RSUs were granted to Adam Famularo?
He received an award of 2,652 restricted stock units. Each RSU represents a right to receive one share of MVB Financial Corp common stock, subject to vesting conditions described in the company’s 2022 Stock Incentive Plan and the grant terms.
When do Adam Famularo’s MVB Financial (MVBF) restricted stock units vest?
The time-vested restricted stock units will vest 100% on the first anniversary of the grant date. After this one-year vesting period, the RSUs convert into shares of common stock, assuming all vesting conditions are satisfied.
Is Adam Famularo buying or selling MVB Financial Corp (MVBF) stock in this Form 4?
This Form 4 shows an acquisition through a grant, not a market trade. The transaction code “A” reflects a grant or award of 2,652 restricted stock units as compensation, rather than an open-market purchase or sale of existing shares.
What plan governs Adam Famularo’s RSU grant from MVB Financial Corp (MVBF)?
The RSU grant was made under the MVB Financial Corp 2022 Stock Incentive Plan. This plan provides the framework for equity-based awards such as restricted stock units, including vesting schedules and other key terms applicable to the grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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