MVB Financial (MVBF) director gains 3,791 shares from vested RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MVB Financial Corp director Richard James Cordella Jr. reported acquiring additional common shares through equity compensation. On June 23, 2026, 100% of his time-vested restricted stock units granted on June 23, 2025 vested, and shares were issued.
The transaction reflects the exercise of 3,701 restricted stock units, plus 90 dividend equivalent shares that had accrued since grant, resulting in 3,791 common shares credited at no cash exercise price. After this vesting event, he directly owns 4,291 shares of MVB Financial Corp common stock. No sales or disposals were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,701 shares exercised/converted
Mixed
2 txns
Insider
Cordella Richard James JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU - Time Vested Award | 3,701 | $0.00 | -- |
| Exercise | Common Stock | 3,791 | $0.00 | -- |
Holdings After Transaction:
RSU - Time Vested Award — 0 shares (Direct, null);
Common Stock — 4,291 shares (Direct, null)
Footnotes (1)
- 100% of the restricted stock units, granted June 23, 2025, have vested and shares are being issued. Includes 90 dividend equivalent shares accrued since the time of grant. The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date.
Key Figures
Common shares acquired: 3,791 shares
RSUs exercised: 3,701 units
Dividend equivalent shares: 90 shares
+2 more
5 metrics
Common shares acquired
3,791 shares
Shares issued upon RSU vesting on June 23, 2026
RSUs exercised
3,701 units
Time-vested restricted stock units granted June 23, 2025
Dividend equivalent shares
90 shares
Accrued since RSU grant and issued at vesting
Shares owned after transaction
4,291 shares
Director’s direct common stock holdings after RSU vesting
Exercise price
$0.00 per share
No cash exercise price for RSU conversion to common stock
Key Terms
restricted stock units, dividend equivalent shares, time-vested restricted stock units, MVB Financial Corp. 2022 Stock Incentive Plan
4 terms
restricted stock units financial
"100% of the restricted stock units, granted June 23, 2025, have vested and shares are being issued."
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.
time-vested restricted stock units financial
"The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date."
MVB Financial Corp. 2022 Stock Incentive Plan financial
"The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date."