FVCBankcorp (FVCB) CEO awarded 25,000 restricted stock units over 4 years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. Chairman & CEO David W. Pijor reported an acquisition of 25,000 shares of Common Stock through a grant of restricted stock unit awards. The filing shows a transaction price of $0.00 per share, reflecting a compensation-related equity award rather than an open-market purchase.
The 25,000 shares are issuable upon vesting of restricted stock units that vest in equal annual installments over four years, with the first installment vesting on the anniversary of the grant. Following this award, Pijor is reported as holding 609,726 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PIJOR DAVID W
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 609,726 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 25,000 shares
Transaction price: $0.00 per share
Holdings after transaction: 609,726 shares
+1 more
4 metrics
RSU grant size
25,000 shares
Restricted stock unit awards issuable upon vesting
Transaction price
$0.00 per share
Grant of restricted stock unit awards
Holdings after transaction
609,726 shares
Common Stock directly held after the award
Vesting period
Four years
Equal annual installments, first on grant anniversary
Key Terms
restricted stock unit awards, vesting, Common Stock, transaction code A
4 terms
restricted stock unit awards financial
"25,000 shares issuable upon vesting of restricted stock unit awards."
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
vesting financial
"The awards will vest in equal annual installments over four years."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"security_title: Common Stock for the reported Form 4 transaction."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code A financial
"transaction code A described as Grant, award, or other acquisition."
FAQ
What insider transaction did FVCBankcorp (FVCB) report for David W. Pijor?
FVCBankcorp reported that Chairman & CEO David W. Pijor acquired 25,000 shares of Common Stock via a grant of restricted stock unit awards. The transaction was recorded at $0.00 per share as a compensation-related equity award, not an open-market share purchase.
How do David W. Pijor’s new restricted stock units at FVCBankcorp vest?
The 25,000 shares are issuable upon vesting of restricted stock unit awards that vest in equal annual installments over four years. The first installment vests on the anniversary of the grant, creating a multi-year vesting schedule tied to continued service.
Was the FVCBankcorp Form 4 transaction an open-market buy or a stock grant?
The Form 4 describes a stock grant, not an open-market buy. The 25,000 shares were acquired under transaction code A as restricted stock unit awards at $0.00 per share, indicating a compensation-related grant rather than a purchase on the open market.
What security was involved in David W. Pijor’s Form 4 transaction at FVCBankcorp?
The transaction involved FVCBankcorp Common Stock linked to restricted stock unit awards. These units represent 25,000 shares issuable upon vesting, which occurs in equal annual installments over four years, beginning on the anniversary of the grant date disclosed.