Form 4: MVB Financial Corp CEO Larry Mazza Reports Stock Transactions
SEC Form 4
Larry Mazza, CEO of MVB Financial Corp, reports the vesting and issuance of restricted stock units and a sale of common stock on May 1, 2025.
Summary
- On May 1, 2025, Larry Mazza, CEO of MVB Financial Corp, reported transactions involving the company's stock.
- These transactions included the vesting and issuance of restricted stock units (RSUs) granted between 2020 and 2024, as well as a sale of common stock.
- The vesting of RSUs resulted in the issuance of 4,357 shares from the May 1, 2020 grant, 1,429 shares from the May 1, 2021 grant, 2,576 shares from the May 1, 2022 grant, 6,116 shares from the May 1, 2023 grant, and 5,206 shares from the May 1, 2024 grant.
- Additionally, 6,962 shares of common stock were sold at a price of $17.49 per share.
- Following these transactions, Mazza directly owns 626,358 shares of common stock and indirectly owns 22,304 shares through Melissa Mazza.
- Mazza also holds various time-vested RSUs, with 16,742 units granted on May 1, 2025, vesting on May 1, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document indicates future vesting of RSUs on May 1, 2026, assuming continued employment with the company.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders in publicly traded companies, as mandated by the SEC.
- The vesting schedules of the RSUs (3-year and 5-year graded vesting) are typical vesting arrangements seen in equity compensation plans.
- The reporting of dividend equivalent shares accrued since the time of grant is also a common practice.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
- Employees holding RSUs are affected by the vesting schedule and the potential issuance of shares.
Key Dates
| Date | Description |
|---|---|
| 2005-06-30 | Date of Power of Attorney execution. |
| 2020-05-01 | Grant date of time-based restricted stock units, 1/5 vested on 05/01/2025. |
| 2021-05-01 | Grant date of time-based restricted stock units, 1/5 vested on 05/01/2025. |
| 2022-05-01 | Grant date of time-based restricted stock units, 1/3 vested on 05/01/2025. |
| 2023-05-01 | Grant date of time-based restricted stock units, 1/3 vested on 05/01/2025. |
| 2024-05-01 | Grant date of time-based restricted stock units, 1/3 vested on 05/01/2025. |
| 2025-05-01 | Date of stock transactions: vesting of RSUs and sale of common stock. |
| 2026-05-01 | Vesting date of 16,742 restricted stock units granted on May 1, 2025. |
Keywords
MVB Financial Corp, Larry Mazza, Form 4, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership, Vesting
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