Form 4: Middlefield Banc Corp Director Jennifer L. Moeller Reports Stock Acquisition
SEC Form 4 Filing
Director Jennifer L. Moeller reports acquisition of Middlefield Banc Corp stock through director compensation and dividend reinvestment.
Summary
- Jennifer L. Moeller, a director of Middlefield Banc Corp (MBCN), reported a transaction on January 1, 2025.
- Moeller acquired 278 shares of common stock at a price of $28.05 per share through the Director Compensation program.
- Following the transaction, Moeller directly owns 2,077.4881 shares of common stock.
- The report also mentions shares acquired under the MBCN Dividend Reinvestment Plan, bringing the total direct ownership to 2,213.7633 shares.
- The reporting person received an incorrect share count for the 5/31/2024 purchase, causing omissions in two subsequent Form 4 filings.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reports a routine transaction. The error in previous filings is a minor negative.
Positives
- Director's participation in the Director Compensation program and Dividend Reinvestment Plan indicates confidence in the company.
Negatives
- The reporting person received an incorrect share count for the 5/31/2024 purchase, causing omissions in two subsequent Form 4 filings.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of purchase with incorrect share count, leading to omissions in subsequent filings |
| 01/01/2025 | Date of transaction: Acquisition of 278 shares through Director Compensation program |
| 01/02/2025 | Date of signature on the Form 4 filing |
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