Form 4: MVB Financial Director Richard Cordella Jr. Granted 3,701 Restricted Stock Units

MVB Financial Corp. Director Richard James Cordella Jr. was granted 3,701 time-vested restricted stock units, which are scheduled to vest fully on June 23, 2026.

Summary

• Richard James Cordella Jr., a Director of MVB Financial Corp. (MVBF), was granted 3,701 Restricted Stock Units (RSUs).
• The grant occurred on June 23, 2025, with a reported price of $0 per unit, as it is a grant.
• These RSUs were issued under the MVB Financial Corp. 2022 Stock Incentive Plan.
• The RSUs are time-vested and will vest 100% on the first anniversary of the grant date, specifically on June 23, 2026.
• Following this transaction, Mr. Cordella beneficially owns 3,701 derivative securities (RSUs).
• The Form 4 filing was signed on June 25, 2025, by Lisa J. McCormick, acting as attorney-in-fact for Mr. Cordella, pursuant to a Power of Attorney executed on June 4, 2025.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is generally a positive signal, indicating alignment of interests and retention efforts. While a routine compensation event, it contributes positively to corporate governance and insider alignment.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with those of shareholders, incentivizing long-term performance and value creation.
• The award is part of the company's established 2022 Stock Incentive Plan, indicating a structured and transparent approach to equity compensation for key personnel.

Negatives

• The grant of RSUs, upon their future vesting, will result in a minor dilution of existing shares, which is a standard characteristic of equity compensation plans.

Risks

• No specific risks related to the company's operations, financial health, or strategic direction are mentioned in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

The 3,701 Restricted Stock Units granted to Director Richard James Cordella Jr. are scheduled to vest fully on June 23, 2026, contingent on his continued service to the company.

Management Comments

• "The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date."

Industry Context

This Form 4 filing reports a routine insider transaction, specifically an equity grant to a director, which is a common practice in the financial services industry. Such grants are typically used to align the interests of management and directors with those of shareholders and do not provide broader industry trends or competitive analysis.

Management Changes

Corporate Governance

Related Party Transactions

• The grant of 3,701 Restricted Stock Units to Richard James Cordella Jr., a Director of MVB Financial Corp., constitutes a transaction between the company and a related party (an insider). This is a standard form of equity compensation under the company's incentive plan.

Stakeholder Impact

• Shareholders: The grant aligns the director's long-term interests with shareholder value, although it introduces minor potential future dilution upon vesting.
• Management: The grant is part of the compensation structure for a director, serving as an incentive and retention tool.

Next Steps

• The 3,701 Restricted Stock Units granted to Director Cordella are expected to vest on June 23, 2026.

Key Dates

Keywords

MVB Financial Corp., MVBF, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Equity Incentive Plan, Stock Grant