Brown M. Dean reports 429,902 BRBS shares in initial ownership filing
Rhea-AI Filing Summary
BLUE RIDGE BANKSHARES, INC. executive Brown M. Dean, the Chief Operations & Technology Officer, reported his initial ownership of company stock. The Form 3 shows direct ownership of 429,902 shares of common stock. This total includes 20,679 unvested time-based restricted shares and 320,000 unvested performance-based awards subject to company performance and vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brown M Dean
Role
Chief Ops & Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 429,902 shares (Direct)
Footnotes (1)
- F1. Includes 20,679 shares of unvested restricted time-based awards that are subject to vesting schedules, and 320,000 shares of unvested performance-based awards in which vesting is subject to company performance achievements and a vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Brown M. Dean’s Form 3 filing for BRBS show?
The Form 3 shows that Brown M. Dean, Chief Operations & Technology Officer, directly holds 429,902 shares of BLUE RIDGE BANKSHARES common stock. This initial ownership report also details that a large portion of these shares are unvested equity awards subject to future vesting conditions.
What unvested time-based awards does Brown M. Dean hold in BRBS?
Brown M. Dean’s reported holdings include 20,679 unvested time-based restricted shares of BLUE RIDGE BANKSHARES. These awards are subject to specific vesting schedules, meaning they will become fully owned only if he satisfies the required service or time-based conditions over the vesting period.
What performance-based awards are reported for Brown M. Dean at BRBS?
The filing shows 320,000 unvested performance-based shares for Brown M. Dean. Vesting of these awards depends on BLUE RIDGE BANKSHARES meeting defined company performance achievements and related vesting schedules, so they become fully owned only if those performance targets are satisfied.
Does the Form 3 for BRBS report any stock purchases or sales by Brown M. Dean?
No transactions such as stock purchases or sales are reported in this Form 3. It is an initial statement of beneficial ownership, listing Brown M. Dean’s existing holdings in BLUE RIDGE BANKSHARES common stock, including both vested and unvested equity awards.