Form 4: MVB Financial Corp Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Craig Bradley Greathouse, Chief Administrative Officer of MVB Financial Corp, executed stock options and disposed of shares on May 20, 2024.
Summary
- On May 20, 2024, Craig Bradley Greathouse, Chief Administrative Officer of MVB Financial Corp, engaged in transactions involving the company's stock.
- Greathouse exercised time-vested restricted stock units, converting them into 862 shares of common stock at a price of $0.
- Simultaneously, Greathouse disposed of 255 shares of common stock at a price of $19.01.
- Following these transactions, Greathouse directly owns 21,366 shares of MVB Financial Corp and indirectly owns 188 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It reflects routine activity related to executive compensation.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It is standard practice for officers of publicly traded companies to periodically exercise stock options and sell shares.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 07/27/2020 | Date of Power of Attorney execution, granting Lisa J. McCormick and Eric L. Tichenor the authority to act on behalf of Craig Bradley Greathouse for SEC filings. |
| 05/20/2019 | Date of grant for the time-based restricted stock units, vesting over five years. |
| 05/20/2024 | Date of the stock transactions: exercising of restricted stock units and disposal of shares. |
| 05/22/2024 | Date of signature on the Form 4 filing by Lisa J. McCormick, POA for Craig Bradley Greathouse. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.