MVB Financial (MVBF) director granted 2,652 time-vested RSUs
Rhea-AI Filing Summary
Owen Jan Lynn reported acquisition or exercise transactions in this Form 4 filing.
MVB Financial Corp director Owen Jan Lynn received a grant of 2,652 time-vested restricted stock units (RSUs). The RSUs were awarded at a price of $0.00 per unit under the MVB Financial Corp 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date. Following this compensation grant, Lynn beneficially owns 2,652 RSUs, each representing one share of common stock upon vesting and settlement.
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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
beneficially owns financial
FAQ
What insider transaction did MVB Financial Corp (MVBF) report for Owen Jan Lynn?
The filing reports that director Owen Jan Lynn received a grant of 2,652 time-vested RSUs. These units are a form of stock-based compensation and convert into common shares when they vest, rather than a cash purchase or open-market transaction.
How many RSUs did Owen Jan Lynn acquire in this MVB Financial (MVBF) Form 4?
Lynn acquired 2,652 restricted stock units in this transaction. Each RSU represents the right to receive one share of MVB Financial Corp common stock upon vesting, giving the director 2,652 units beneficially owned after the grant.
When will the new RSUs for MVB Financial (MVBF) director Owen Jan Lynn vest?
The RSUs will vest 100% on the first anniversary of the grant date. According to the filing, these are time-vested awards, meaning Lynn must remain in service through that one-year period for all 2,652 units to vest.
What plan governs the RSU grant to MVB Financial Corp (MVBF) director Owen Jan Lynn?
The RSU award was granted under the MVB Financial Corp 2022 Stock Incentive Plan. This plan authorizes the company to issue equity-based compensation, such as restricted stock units, to directors, officers, and other eligible participants.
Is the MVB Financial (MVBF) Form 4 transaction a stock purchase or sale by Owen Jan Lynn?
No, this Form 4 shows a grant or award acquisition of RSUs, coded as “A.” It is compensation, not an open-market purchase or sale, and the transaction price per unit is reported as $0.00.