Form 4: FVCBankcorp Chief Credit Officer Michael G. Nassy Reports Stock Option Exercise and Tax Withholding
SEC Form 4 Filing
Michael G. Nassy, Chief Credit Officer of FVCBankcorp, Inc., reports exercising stock options and subsequent tax withholding of shares on February 6, 2025.
Summary
- On February 6, 2025, Michael G. Nassy, the Chief Credit Officer of FVCBankcorp, Inc. (FVCB), exercised stock options for 9,765 shares of common stock at a price of $6.8505 per share.
- Nassy then had 5,911 shares withheld to cover the exercise cost and taxes, based on a market price of $12.61 per share.
- Following these transactions, Nassy directly owns 46,483 shares of FVCBankcorp common stock.
- The stock options were originally granted on March 1, 2015, and are set to expire on March 1, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock option exercises and tax withholdings, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares upon option exercise.
Key Dates
| Date | Description |
|---|---|
| 03/01/2015 | Original grant date of the stock options |
| 02/06/2025 | Date of stock option exercise and tax withholding |
| 02/10/2025 | Date of signature on the Form 4 filing |
| 03/01/2025 | Expiration date of the stock options |
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