MVB Financial (NASDAQ: MVBF) CEO granted 18,081 time-vested RSUs under 2022 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MVB Financial Corp reported that President and CEO Larry F. Mazza received a grant of 18,081 time-vested restricted stock units. These RSUs were awarded at no cash cost as equity compensation and will convert into common stock on a one-for-one basis when they vest.
The award was granted under the company’s 2022 Stock Incentive Plan and is subject to a three-year graded vesting schedule, assuming Mr. Mazza remains employed with the company. After this grant, he holds 18,081 RSUs directly related to this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mazza Larry F
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time-Vested Award | 18,081 | $0.00 | -- |
Holdings After Transaction:
RSU - Time-Vested Award — 18,081 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 18,081 units
Grant price: 0.0000 per unit
Underlying common stock: 18,081 shares
+2 more
5 metrics
RSUs granted
18,081 units
Time-vested RSU award to President & CEO Larry F. Mazza
Grant price
0.0000 per unit
Equity award, no cash paid for RSUs
Underlying common stock
18,081 shares
One share of common stock per RSU upon vesting
Vesting period
Three-year graded
Subject to continued employment with the company
Total RSUs after grant
18,081 units
Reported holdings following this RSU award
Key Terms
RSU - Time-Vested Award, 2022 Stock Incentive Plan, three-year graded vesting schedule, restricted units, +1 more
5 terms
RSU - Time-Vested Award financial
"security_title: RSU - Time-Vested Award"
2022 Stock Incentive Plan financial
"The restricted units were granted pursuant to the 2022 Stock Incentive Plan"
three-year graded vesting schedule financial
"and have a three-year graded vesting schedule assuming continued employment"
restricted units financial
"The restricted units were granted pursuant to the 2022 Stock Incentive Plan"
underlying security financial
"underlying_security_title: Common Stock"
FAQ
What did MVBF President & CEO Larry Mazza report on this Form 4?
Larry F. Mazza reported receiving a grant of 18,081 time-vested restricted stock units as equity compensation. These RSUs are linked to MVB Financial Corp common stock and were awarded at no cash cost under the company’s 2022 Stock Incentive Plan.
How many restricted stock units did Larry Mazza receive from MVB Financial (MVBF)?
Larry Mazza received 18,081 restricted stock units in this transaction. Each RSU represents the right to receive one share of MVB Financial Corp common stock, subject to vesting conditions under the 2022 Stock Incentive Plan.
Is Larry Mazza’s Form 4 transaction a stock purchase or a compensation grant?
The transaction is a compensation grant, not an open-market purchase. Larry Mazza was awarded 18,081 restricted stock units at a price of 0.0000 per unit, reflecting an equity award under MVB Financial Corp’s 2022 Stock Incentive Plan.
What are the vesting terms of Larry Mazza’s RSU award at MVBF?
The restricted stock units have a three-year graded vesting schedule, assuming Larry Mazza’s continued employment with the company. This means portions of the 18,081-unit award vest over three years under the 2022 Stock Incentive Plan’s terms.
What security underlies Larry Mazza’s RSU grant at MVB Financial Corp?
The RSU grant is linked to MVB Financial Corp common stock. The 18,081 restricted stock units are convertible on a one-for-one basis into an equal number of common shares once the vesting conditions are satisfied.
How many RSUs does Larry Mazza hold after this reported MVBF transaction?
Following this grant, Larry Mazza’s reported holding related to this award is 18,081 restricted stock units. These units are directly owned and subject to a three-year graded vesting schedule under the 2022 Stock Incentive Plan.