MVB Financial (MVBF) director receives 2,652 time‑vested RSUs as equity grant
Rhea-AI Filing Summary
MVB Financial Corp director Victor Ray Maculaitis reported receiving a grant of time-vested restricted stock units. He was awarded 2,652 RSUs that convert into an equal number of common shares, with no cash paid per unit. These RSUs were granted under the MVB Financial Corp 2022 Stock Incentive Plan and are scheduled to vest 100% on the first anniversary of the grant date. Following this grant, his reported derivative holdings from this award total 2,652 underlying common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time Vested Award | 2,652 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
RSU - Time Vested Award financial
restricted stock units financial
2022 Stock Incentive Plan financial
derivative security financial
Grant, award, or other acquisition financial
FAQ
What insider transaction did MVB Financial Corp (MVBF) disclose for Victor Ray Maculaitis?
Director Victor Ray Maculaitis received a grant of 2,652 time-vested restricted stock units. These RSUs represent potential future shares of common stock and were issued as equity-based compensation rather than as an open-market purchase.
How many restricted stock units did the MVBF director receive in this Form 4?
The director was granted 2,652 restricted stock units. Each RSU is linked to one share of MVB Financial Corp common stock, giving him equity exposure through the company’s stock incentive plan.
When will the newly granted MVBF restricted stock units vest?
The time-vested RSUs are scheduled to vest 100% on the first anniversary of the grant date. Vesting must occur before the units convert into common shares that the director can hold outright.
What plan governs the restricted stock units granted to the MVBF director?
The 2,652 RSUs were granted under the MVB Financial Corp 2022 Stock Incentive Plan. This plan is used to deliver equity-based compensation to eligible participants, aligning them with shareholder interests.