MVB Financial CFO granted 3,825 RSUs
Sumbs Michael Robert reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Sumbs Michael Robert reported acquisition or exercise transactions in this Form 4 filing.
MVB Financial Corp’s Chief Financial Officer Michael Robert Sumbs received a grant of 3,825 restricted stock units as equity compensation. The RSUs were awarded at no cash cost to him and each unit represents one share of common stock if and when it vests.
The award was granted under the company’s 2022 Stock Incentive Plan and follows a three-year graded vesting schedule, conditioned on his continued employment with the company. After this grant, his reported direct holdings of these time-vested RSUs total 3,825 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU - Time-Vested Award | 3,825 | $0.00 | $0.00 |
Footnotes (1)
- F1. The restricted stock 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
restricted stock units financial
three-year graded vesting schedule financial
2022 Stock Incentive Plan financial
RSU - Time-Vested Award financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MVB Financial (MVBF) report for its CFO?
How many RSUs were granted to the MVBF CFO in this Form 4 filing?
At what price were the MVBF CFO’s RSUs granted in this award?
What is the vesting schedule for the MVBF CFO’s new RSU award?
Under which plan were the MVBF CFO’s restricted stock units granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.