Form 4: FVCBankcorp President Patricia Ferrick Reports Tax Liability Transaction
SEC Form 4 Filing
Patricia Ferrick, President of FVCBankcorp, reports a transaction related to covering a tax liability by withholding shares.
Summary
- On March 26, 2024, Patricia Ferrick, President of FVCBankcorp, engaged in a transaction to cover a tax liability.
- This was done by withholding 573 shares of common stock incident to the vesting of restricted stock unit awards.
- The shares were withheld at a price of $12.05 per share.
- Following the transaction, Ferrick directly owns 146,072 shares of FVCBankcorp common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance or outlook.
Industry Context
This is a routine Form 4 filing related to insider transactions, specifically the withholding of shares to cover tax obligations upon vesting of restricted stock units. It's a common practice and doesn't necessarily indicate a change in the executive's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of transaction where shares were withheld to cover tax liability. |
| 03/28/2024 | Date of signature on the report. |
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