MVB Financial (MVBF) CIO receives RSUs, exercises awards and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MVB Financial Corp CIO and COO Michael Louis reported a series of stock-based compensation transactions. On May 1, 2026, time-based restricted stock units (RSUs) granted in prior years partially vested, and shares of common stock were issued. A total of 947 common shares were withheld and disposed of at $25.68 per share to cover exercise price or tax liabilities, rather than sold in the open market. Louis also exercised RSU-derived rights into common stock and received new time-vested RSU awards under the company’s 2022 Stock Incentive Plan, which vest over a three-year schedule assuming continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,514 shares exercised/converted
Mixed
7 txns
Insider
Giorgio Michael Louis
Role
CIO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU - Time-Vested Award | 1,189 | $0.00 | -- |
| Exercise | RSU - Time-Vested Award | 1,325 | $0.00 | -- |
| Grant/Award | RSU - Time-Vested Award | 4,064 | $0.00 | -- |
| Grant/Award | RSU - Time-Vested Award | 10,328 | $0.00 | -- |
| Exercise | Common Stock | 1,267 | $0.00 | -- |
| Exercise | Common Stock | 1,359 | $0.00 | -- |
| Tax Withholding | Common Stock | 947 | $25.68 | $24K |
Holdings After Transaction:
RSU - Time-Vested Award — 1,190 shares (Direct, null);
Common Stock — 9,561 shares (Direct, null)
Footnotes (1)
- 1/3 of the time-based restricted stock units, granted May 1, 2024, have vested and shares are being issued. Includes 78 dividend equivalent shares accrued since the time of grant. 1/3 of the time-based restricted stock units, granted May 1, 2025, have vested and shares are being issued. Includes 34 dividend equivalent shares accrued since the time of grant. The restricted stock units were granted pursuant to the 2022 Stock Incentive Plan and have a three-year graded vesting schedule assuming continued employment with the Company. RSUs awarded on May1, 2026 that vest over a three-year period May 1, 2027.
Key Figures
Tax withholding shares: 947 shares at $25.68
RSU-derived common shares exercised (entry 1): 1,359 shares
RSU-derived common shares exercised (entry 2): 1,267 shares
+4 more
7 metrics
Tax withholding shares
947 shares at $25.68
Common stock disposed to cover tax/exercise obligations on May 1, 2026
RSU-derived common shares exercised (entry 1)
1,359 shares
Non-derivative common stock from derivative exercise on May 1, 2026
RSU-derived common shares exercised (entry 2)
1,267 shares
Non-derivative common stock from derivative exercise on May 1, 2026
New RSU award
10,328 RSUs
Time-vested RSU grant with underlying common stock, granted May 1, 2026
Additional RSU award
4,064 RSUs
Time-vested RSU grant with underlying common stock, granted May 1, 2026
RSU exercise into common stock (derivative)
1,325 shares
RSU - Time-Vested Award converted to common stock on May 1, 2026
RSU exercise into common stock (derivative)
1,189 shares
RSU - Time-Vested Award converted to common stock with exercise date May 1, 2025
Key Terms
restricted stock units, dividend equivalent shares, three-year graded vesting schedule, 2022 Stock Incentive Plan, +1 more
5 terms
restricted stock units financial
"1/3 of the time-based restricted stock units, granted May 1, 2024, have vested"
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
"have a three-year graded vesting schedule assuming continued employment with the Company"
2022 Stock Incentive Plan financial
"The restricted stock units were granted pursuant to the 2022 Stock Incentive Plan"
time-based restricted stock units financial
"1/3 of the time-based restricted stock units, granted May 1, 2025, have vested"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
What did MVB Financial (MVBF) executive Michael Louis report in this Form 4?
Michael Louis reported routine equity compensation activity, including RSU vesting, option-style RSU exercises into common stock, and new time-vested RSU grants. These transactions adjust his stock-based compensation but do not represent open-market share purchases or sales.
What RSU awards did Michael Louis receive from MVB Financial (MVBF)?
He received new time-vested RSU awards labeled as 10,328 and 4,064 units, each convertible into common stock. These RSUs were granted under the 2022 Stock Incentive Plan and follow a three-year graded vesting schedule, assuming he remains employed by the company.
What is the vesting schedule of Michael Louis’s MVB Financial (MVBF) RSUs?
The RSUs were granted under the 2022 Stock Incentive Plan with a three-year graded vesting schedule, assuming continued employment. Footnotes specify one-third of the time-based RSUs granted May 1, 2024 and May 1, 2025 have vested, with additional RSUs awarded May 1, 2026.
Do Michael Louis’s MVB Financial (MVBF) Form 4 transactions indicate open-market selling?
The filing shows a tax-withholding disposition of 947 shares and several RSU exercises and grants. The F-code disposition is for taxes or exercise price, not an open-market sale, while A and M codes reflect compensation-related awards and conversions rather than discretionary trading.