Form 4: Blue Ridge Bankshares Chief Risk Officer Receives 400,000 Shares of Performance-Based Restricted Stock
SEC Form 4 Filing
Grace Vallacchi, Chief Risk Officer of Blue Ridge Bankshares, Inc., was awarded 400,000 shares of performance-based restricted stock on April 29, 2025.
Summary
- On April 29, 2025, Grace Vallacchi, the Chief Risk Officer of Blue Ridge Bankshares, Inc. (BRBS), acquired 400,000 shares of common stock.
- These shares were awarded as performance-based restricted stock.
- The award is subject to company performance achievements and a vesting schedule.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices. The award of restricted stock suggests confidence in the company's future performance.
Industry Context
This type of equity compensation is common for executives in the banking industry to align their interests with the long-term performance of the company.
Stakeholder Impact
- The award of performance-based restricted stock aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 04/29/2025 | Date of transaction: Grace Vallacchi acquired 400,000 shares of common stock. |
| 05/01/2025 | Date of signature on the Form 4 filing. |
Keywords
restricted stock, performance-based, Chief Risk Officer, BRBS, Blue Ridge Bankshares, Vallacchi, equity compensation
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