Blue Ridge Bankshares (NASDAQ: BRBS) interim CEO granted 80,000 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Golliday Harry W reported acquisition or exercise transactions in this Form 4 filing.
BLUE RIDGE BANKSHARES, INC. interim CEO and President Harry W. Golliday received an award of 80,000 shares of Common Stock as a performance-based restricted stock grant. The award was granted at a price of $0.00 per share and is subject to company performance achievements and a vesting schedule. Following this grant, Golliday directly holds 290,039 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Golliday Harry W
Role
Interim CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 290,039 shares (Direct)
Footnotes (1)
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FAQ
What did BRBS interim CEO Harry W. Golliday report on this Form 4?
Harry W. Golliday reported receiving an award of 80,000 shares of BRBS Common Stock. These are performance-based restricted shares, granted at $0.00 per share, that vest over time based on company performance achievements.
What conditions apply to the BRBS performance-based restricted stock award?
The award of 80,000 BRBS shares is subject to company performance achievements and a vesting schedule. This means the shares are earned over time and based on specified performance criteria, instead of being fully owned immediately at grant.