Director at MVB Financial (MVBF) receives 2,652 time-vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nelson Kelly R reported acquisition or exercise transactions in this Form 4 filing.
MVB Financial Corp director Nelson Kelly R received a grant of 2,652 time-vested restricted stock units on July 1, 2026. The RSUs, which relate to 2,652 shares of common stock and carry a grant price of $0.00, were issued under the company’s 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date. Following this award, his reported derivative holdings from this grant total 2,652 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nelson Kelly R
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
Grant price: $0.00 per unit
Underlying shares: 2,652 shares
+1 more
4 metrics
RSUs granted
2,652 units
Time-vested award granted July 1, 2026
Grant price
$0.00 per unit
Equity compensation, not open-market purchase
Underlying shares
2,652 shares
Common stock underlying the RSU award
Holdings after grant
2,652 derivative units
Total RSUs from this grant following transaction
Key Terms
restricted stock units, time-vested, 2022 Stock Incentive Plan, grant, award, or other acquisition
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"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did MVB Financial Corp (MVBF) report for Nelson Kelly R?
MVB Financial Corp reported that director Nelson Kelly R was granted 2,652 time-vested restricted stock units. The award is a stock-based compensation grant, not an open-market purchase or sale, and is structured as a routine equity incentive under the company’s 2022 Stock Incentive Plan.
How many RSUs were granted to the MVB Financial (MVBF) director in this Form 4?
The director received 2,652 restricted stock units tied to MVB Financial common stock. Each unit represents one share upon vesting, so the award covers 2,652 underlying shares, reflecting a modest, compensation-related equity grant rather than a large trading transaction in the open market.
When do the newly granted MVB Financial (MVBF) RSUs vest for Nelson Kelly R?
The restricted stock units will vest 100% on the first anniversary of the July 1, 2026 grant date. This means the entire 2,652-unit award becomes fully vested after one year, aligning the director’s compensation with the company’s longer-term performance over that period.
Was the MVB Financial (MVBF) RSU grant to Nelson Kelly R an open-market buy or sell?
No, the RSU transaction is a grant, not an open-market buy or sell. The Form 4 uses transaction code “A” for an award acquisition at a price of $0.00, indicating stock-based compensation rather than a discretionary trade in MVB Financial’s shares.
Under which plan were the MVB Financial (MVBF) RSUs to Nelson Kelly R granted?
The restricted stock units were granted under the MVB Financial Corp. 2022 Stock Incentive Plan. This plan provides equity-based awards, such as RSUs, to directors and other participants, aligning their interests with shareholders through time-vested stock compensation instead of cash-only pay.