Form 4: Blue Ridge Bankshares EVP Judy Carol Gavant Reports Stock Award and ESOP Holdings

Judy Carol Gavant, EVP & Chief Financial Officer of Blue Ridge Bankshares, reports the acquisition of common stock through an award and holdings in an ESOP.

Summary

• On March 1, 2024, Judy Carol Gavant, EVP & Chief Financial Officer of Blue Ridge Bankshares, reported a transaction involving the company's common stock.
• Gavant acquired 62,693 shares of common stock through an award.
• The price of the acquired stock was $0.
• Gavant also disposed of 33 shares of common stock held indirectly through an ESOP.
• Following these transactions, Gavant directly owns 116,882 shares of common stock and indirectly owns shares through an ESOP.
• Gavant also holds options to buy 3,750 shares of common stock at $13.15, expiring on December 7, 2027, and options to buy 3,750 shares at $10.8, expiring on June 12, 2029.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions related to stock awards and ESOP holdings. The acquisition of shares by an executive is generally viewed as a slightly positive signal.

Positives

• The acquisition of 62,693 shares by the EVP & Chief Financial Officer could be seen as a positive sign, indicating confidence in the company's future.

Negatives

• The disposal of 33 shares through the ESOP is a minor transaction and doesn't necessarily indicate a negative outlook.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The stock award could have a minor positive impact on shareholder sentiment.

Key Dates