MVB CEO awarded 18,081 RSUs as equity grant
MVB Financial Corp reported that President and CEO Larry F. Mazza received a grant of 18,081 time-vested restricted stock units.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time-Vested Award | 18,081 | $0.00 | $0.00 |
Footnotes (1)
- F1. The restricted units were granted pursuant to the 2022 Stock Incentive Plan and have a three-year graded vesting schedule assuming continued employment with the Company.
Key Figures
Key Terms
RSU - Time-Vested Award financial
2022 Stock Incentive Plan financial
three-year graded vesting schedule financial
restricted units financial
underlying security financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MVBF President & CEO Larry Mazza report on this Form 4?
How many restricted stock units did Larry Mazza receive from MVB Financial (MVBF)?
Is Larry Mazza’s Form 4 transaction a stock purchase or a compensation grant?
What are the vesting terms of Larry Mazza’s RSU award at MVBF?
What security underlies Larry Mazza’s RSU grant at MVB Financial Corp?
How many RSUs does Larry Mazza hold after this reported MVBF transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.