MVB Financial (MVBF) awards 1,234 RSUs to chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Logan Jonathan Thomas reported acquisition or exercise transactions in this Form 4 filing.
MVB Financial Corp Chief Accounting Officer Logan Jonathan Thomas received a grant of 1,234 restricted stock units (RSUs) linked to common stock. The RSUs were awarded at no cash cost as part of the company’s 2022 Stock Incentive Plan and will vest gradually over three years, assuming continued employment. Following this award, he holds 1,234 RSUs directly, with no open-market buying or selling reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Logan Jonathan Thomas
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time-Vested Award | 1,234 | $0.00 | -- |
Holdings After Transaction:
RSU - Time-Vested Award — 1,234 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,234 units
Grant price per RSU: $0.0000 per unit
RSUs held after grant: 1,234 units
+1 more
4 metrics
RSUs granted
1,234 units
Time-vested RSU award to Chief Accounting Officer
Grant price per RSU
$0.0000 per unit
Equity compensation, no cash paid by insider
RSUs held after grant
1,234 units
Total RSUs directly owned following this transaction
Vesting period
Three years
Graded vesting schedule assuming continued employment
Key Terms
restricted stock units, three-year graded vesting schedule, 2022 Stock Incentive Plan
3 terms
restricted stock units financial
"The restricted stock units were granted pursuant to the 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.
three-year graded vesting schedule financial
"and have a three-year graded vesting schedule assuming continued employment"
2022 Stock Incentive Plan financial
"were granted pursuant to the 2022 Stock Incentive Plan and have a three-year"
FAQ
What insider transaction did MVBF report for Logan Jonathan Thomas?
MVB Financial Corp reported a compensation-related grant of 1,234 restricted stock units to Chief Accounting Officer Logan Jonathan Thomas. These RSUs represent the right to receive common stock in the future, subject to vesting conditions, rather than an open-market share purchase or sale.
Is the MVBF Form 4 transaction a buy or sell of common stock?
The Form 4 transaction is not a market buy or sell of common stock. It is a grant of 1,234 time-vested restricted stock units awarded as equity compensation, with no cash paid per unit and no shares sold into the market in this filing.
How do the 1,234 RSUs granted to MVBF’s Chief Accounting Officer vest?
The 1,234 restricted stock units follow a three-year graded vesting schedule under MVB Financial Corp’s 2022 Stock Incentive Plan. Vesting occurs over time as long as Logan Jonathan Thomas remains employed with the company, gradually converting into shares of common stock.
What is the significance of the zero price on the MVBF RSU grant?
The reported price of $0.0000 per unit indicates the RSUs were granted at no cash cost to the insider. This reflects typical equity compensation, where value comes from future delivery of common stock upon vesting rather than paying a purchase price upfront.
How many derivative securities does the MVBF insider hold after this Form 4?
After the reported grant, Logan Jonathan Thomas holds 1,234 restricted stock units directly. These RSUs are derivatives tied to MVB Financial Corp common stock and represent his equity-based compensation position disclosed in this particular filing.