Form 4: Director Carolyn J. Turk Acquires 324 Shares of Middlefield Banc Corp (MBCN)

Carolyn J. Turk, a director of Middlefield Banc Corp, acquired 324 shares of common stock under the Director Compensation program on July 1, 2024.

Summary

• On July 1, 2024, Carolyn J. Turk, a director of Middlefield Banc Corp (MBCN), acquired 324 shares of common stock.
• The shares were acquired under the Director Compensation program for members of the Board of Directors of The Middlefield Banking Company.
• The price per share was $24.05.
• Following the transaction, Carolyn J. Turk beneficially owns 31,877 shares of Middlefield Banc Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's stock acquisition signals confidence in the company, but it's a routine transaction.

Positives

• The director's participation in the Director Compensation program demonstrates alignment with shareholder interests.

Industry Context

This filing is a routine disclosure of a director's stock acquisition, which is common in publicly traded companies as part of their compensation programs. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates