FVCBankcorp (FVCB) director receives 2,000-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. director Sidney G. Simmonds received an award of 2,000 shares of Common Stock in the form of restricted stock units, characterized as a grant or other acquisition with no cash price per share. These 2,000 shares are issuable upon vesting and will vest in equal annual installments over four years, with the first installment vesting on the anniversary of the grant. Following this compensation-related award, Simmonds directly holds 93,201 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simmonds Sidney G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 93,201 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,000 shares
Grant price: $0.0000 per share
Post-transaction holdings: 93,201 shares
+1 more
4 metrics
RSU grant size
2,000 shares
Restricted stock unit award of Common Stock
Grant price
$0.0000 per share
Compensation-related award, no cash paid
Post-transaction holdings
93,201 shares
Common Stock held directly after the award
Vesting period
4 years
Equal annual installments, first on grant anniversary
Key Terms
restricted stock unit awards, vesting, Common Stock
3 terms
restricted stock unit awards financial
"2,000 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""
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.
FAQ
What did FVCB director Sidney G. Simmonds report in this Form 4 filing?
Sidney G. Simmonds reported receiving 2,000 shares of FVCBankcorp Common Stock as a restricted stock unit award. The transaction is classified as a grant or other acquisition, with no purchase price, and is part of his equity-based compensation from the company.
How do the FVCB restricted stock units awarded to Simmonds vest over time?
The 2,000 restricted stock units will vest in equal annual installments over four years. The first installment vests on the anniversary of the grant, meaning Simmonds earns one-quarter of the award each year until fully vested.
Does Sidney G. Simmonds pay anything for the 2,000 FVCB restricted stock units?
The filing shows a transaction price per share of 0.0000 for the 2,000 restricted stock units. This indicates the award is granted as equity compensation from FVCBankcorp rather than being purchased for cash in the market.