Form 4: FVCBankcorp Chief Credit Officer Discloses Routine Stock Transaction for Tax Liability

FVCBankcorp's Chief Credit Officer, Michael G. Nassy, reported a disposition of 135 shares of common stock valued at $11.66 per share to cover tax obligations related to restricted stock unit vesting.

Summary

• Michael G. Nassy, Chief Credit Officer of FVCBankcorp, Inc. (FVCB), reported a transaction on May 30, 2025.
• The transaction involved the disposition of 135 shares of FVCB Common Stock.
• These shares were withheld to satisfy tax liabilities incurred from the vesting of restricted stock unit awards.
• The shares were valued at a market price of $11.66 per share for the purpose of this tax payment.
• Following this transaction, Mr. Nassy directly beneficially owns 53,257 shares of FVCB Common Stock.
• The transaction was conducted in accordance with Rule 16b-3.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax purposes, which is neutral in sentiment as it reflects a standard administrative process related to executive compensation rather than a discretionary sale or purchase.

Positives

• The transaction is a routine administrative event related to executive compensation, indicating the vesting of restricted stock units.
• The method of paying tax liability by withholding shares is a common and compliant practice under Rule 16b-3.

Negatives

• The transaction resulted in a minor reduction of 135 shares in the direct beneficial ownership of the Chief Credit Officer.

Future Outlook

NA

Management Comments

• The Reporting Person elected to pay for a tax liability by withholding securities incident to the vesting of a security (i.e., restricted stock unit awards) based on a market price of $11.66 and issued in accordance with Rule 16b-3.

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is a small, non-discretionary disposition of shares for tax purposes, not indicative of a change in management's confidence or strategic direction.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

FVCBankcorp, FVCB, Form 4, Insider Transaction, Michael G. Nassy, Chief Credit Officer, Stock Disposition, Tax Withholding, Restricted Stock Units, Executive Compensation